Stream Energy And What It Stands For

To support 7-plus billion people, the world must be able to push out loads of resources that can be burned or otherwise utilized as energy. Unfortunately, humanity’s most popular sources of energy are often unrenewable, which come along with devastating effects to planet Earth.

 

Stream Energy is one of the countless entities that has consistently pushed for resources of energy to be friendlier to the environment and the people that inhabit it. Thanks to Stream Energy’s and all the other people and entities that tried so hard to push for renewable sources of energy, the world has gradually leaned towards the power of renewable energy that doesn’t harm the environment in the process of use or harvest.

 

What’s Going On With Energy Sources In The United States?

 

Coal has long been one of the most popular forms of energy in the United States, not to mention the world at large. More than one hundred years ago, many families, especially those in and near West Virginia, made their livings off of mining coal. As coal production has slowed down, so has their earnings, with. many people being unable to work in the coal industry, citing widespread unavailability of jobs.

 

A 2015 report published by the National Center for Policy Analysis found that coal accounted for roughly 40 percent of the United States’ energy consumption. Just four years later, natural gas overtook coal as the most widely-used form of energy in the nation.

 

Stream Energy has played a big part in how widely available renewable, alternative sources of energy are in the United States. It’s likely that they played a part in natural gas overtaking coal as the most popular form of fuel across the nation. Go Here for more information.

 

The company supports the Clean Power Plan of 2015. It required coal production plants to cut down their production by approximately 13,000 megawatts the following year, a trend that has continued ever since.

 

Stream Energy

 

Stream Energy was created in 2005 by a pair of businessmen, and has always been located in Dallas, Texas. The company provides phone service, Internet, surveillance, and energy to customers.

 

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Obsidian Energy Is Renewing Its Commitment To Its Shareholders And Business Partners

Penn West has recently changed its name to Obsidian Energy after its shareholders, overwhelmingly, approved of the move. The stock symbol of the company also changed to “OBE,” but shareholders do not need to make any changes as they will still be invested. CEO and President, David French, expressed his pleasure with name change and commented that it marked the beginning of a brand-new chapter for the energy company. He also talked about the fact that Obsidian Energy is moving forward by following three principles, which include being as transparent as it can with its shareholders, making the best decisions in order to ensure that the company protects its assets, and by doing its best to move into the future through following an innovative and progressive path.

 

Obsidian Energy is a mid-sized gas and oil producing company that can produce around 30,000 boe every day. With a spread of assets that ensure the success of the company, Obsidian uses an entrepreneurial model of business that will allow it to survive the ups and downs of the changing industry. With its transformation, the company is re-inserting the way that it forms relationships within the communities that it works in and has completely re-committed to ensuring that its shareholders and business partners can count on it to pursue the better good of everyone involved with its mission to bring energy to the world.

 

One of Obsidian’s assets is in the Viking, Alberta area, and it produces roughly 1,766 boe every day. The company has infrastructure ownership of the entire Esther area, which provides it with a blend of shorter cycle wells that yield a blend of gas and light-oil. In Cardium, Obsidian produces close to 18,876 boe every day from high-netback, low-decline light-oil wells that rely on a combined waterflood strategy that has been successful used for many years to produce as much oil as possible. In the Peace River area, the company produces close to 4,823 boe a day in cooperation with its partner, China Investment Corporation.

 

Looking to the future, Obsidian Energy expects to continue its growth and keep its business partners and shareholders updated with its progress during every step of the way. Visit This Page for additional information.

 

Read More: https://www.obsidianenergy.com/