Penn West proposes name change to Obsidian Energy
Penn West wants to change its name to Obsidian Energy after surviving an accounting scandal, debt crisis and commodity price crash over the past three years. Continue reading
Penn West wants to change its name to Obsidian Energy after surviving an accounting scandal, debt crisis and commodity price crash over the past three years. Continue reading
Penn West Petroleum Ltd. says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point area of northern Alberta. Continue reading
Penn West Petroleum Ltd. is cutting its capital budget for 2016 to only one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and works to reduce expenses. Continue reading
Penn West Petroleum Ltd. has agreed to sell its properties in the Greater Mitsue area of central Alberta for $192.5 million cash. Continue reading
A fresh wave of layoffs is hitting the energy sector as two oil and gas companies cut a total of 900 jobs, mostly in Calgary. Continue reading