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Penn West Petroleum has changed its name to Obsidian Energy Ltd. The company listed its new stock on the TSX exchange and the NYSE under the symbol "OBE."
More Name Change News
Liberty Energy Inc. Second Quarter 2022 Results
Liberty Energy Inc., formerly known as Liberty Oilfield Services Inc., reported second quarter 2022 financial and operational results. Summary Results and Highlights: Revenue of $943 million, increased 19%…
Royal Dutch Shell Changes Name to Shell plc
Shell plc has confirmed its name has changed from Royal Dutch Shell plc to Shell plc. Shell announced the Board's decision to change its name to Shell plc…
Independence, Contango Finalize Merger; Rebrand as PE-Backed Crescent Energy Co.
Contango Oil & Gas Company has finalized its merger with Independence Energy Corp., and the new entity has rebranded as Crescent Energy Company. Crescent is backed by PE…
Ranger Oil Third Quarter 2021 Results
Ranger Oil Corp. announced its financial and operational results for the third quarter 2021. Recent Significant Highlights: The operational and financial results below do not include the Lonestar…
Altura Rebrands as Tenaz Energy; Unveils New Management, Board
Altura Energy Inc. has entered into a definitive reorganization and investment agreement which will include the formation of a new board and management team. Upon completion of the…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…