PennWest Lockup California FINAL SM
PennWest may refer to: * Obsidian Energy, a Canadian energy company previously known as Penn West Exploration Ltd., Penn West Petroleum and Penn West Energy Trust * Pennsylvania Western University, a public university in the Pennsylvania State System of Higher Education See also * Penn, West Midlands * West Penn Railways West Penn Railways, one part of the West Penn System, was an interurban electric railway headquartered in Connellsville, Pennsylvania. It was part of the region's power generation utility. History West Penn Railways consisted of of electric trol ...

Obsidian Energy
Obsidian Energy Ltd. (previously known as Penn West Exploration Ltd., Penn West Petroleum and Penn West Energy Trust) is a mid-sized Canadian oil and natural gas production company based in Calgary, Alberta. For a while it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange. From 2005–2011 it was a Canadian royalty trust ( CANROY), and reached a peak market capitalization in January 2008 of approximately US $9.5 billion. In the 2012 Forbes Global 2000, Penn West Petrpoleum, Obsidian Energy's predecessor, was ranked as the 1086th largest public company in the world. The company experienced operational and financial difficulties when crude oil prices fell significantly in 2014. As a result, the company underwent a significant restructuring with the majority of the assets sold over the next two years to reduce debt. Obsidian's oil and gas fields are located in Alberta, along the Western Canadian Sedimentary Basin, a region which is one of the worl ...
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