Stream Energy: Providing Assistance through Stream Cares

Stream Energy is a Dallas-based energy provider that has been in the business for more than a decade. The company has been expanding through building facilities outside their home state, operating mainly in the New England region and providing the people with affordable energy and other services. Stream Energy has also created their philanthropic arm by founding Stream Cares, which would handle all of the activities aimed at helping the community. One of the most recent examples of their assistance to the public can be traced back to 2017 when Hurricane Harvey hit the eastern coast of Texas. Hurricane Harvey was one of the strongest hurricanes on record, and it dumped record-breaking rains and winds all over the eastern coast of Texas. It ravaged communities located near the coastal areas, and it caused the rivers inside the mainland to swell and overflow.

After days of heavy rains, the rivers have expanded, and it devastated towns, cities, and other settlements within the state. Houses, cars, and other infrastructures were taken away by the rushing river, and everyone could not do anything. Dallas, where the headquarters of Stream Energy is located, was not spared from the wrath of Hurricane Harvey. After the hurricane’s onslaught, Stream Energy mobilized their units under the Stream Cares and asked them to help the communities that were significantly affected by the disaster. They also released an initial assistance fund of $25,000 and gave it to the responders to buy food, water, clothes and other necessities. These are provided to the survivors, and Stream Cares promised that more help is on the way.

Aside from the monetary assistance that was promised by Stream Cares, they have also promised that they will do their best to restore the electricity in the hurricane-stricken areas. In Texas alone, thousands of electric poles were damaged, and these poles need immediate repair. Stream Energy mobilized their service crew to check the poles and see how it can be restored back to normal. They have also announced that the blackout due to the damaged brought by the hurricane could last for days, but they will try their best to provide the people with the electricity that they needed.

https://www.puc.texas.gov/industry/electric/directories/rep/report_rep.aspx?ID=ELSQL01DB1245339200001

Obsidian Energy Has New Business Sheriff In Town

Change has not only occurred, but it will continue to occur, formerly Penn West Petroleum Ltd., is now Obsidian Energy a Canadian gas and oil producer. More than just the name has changed from Penn West Petroleum. Now Obsidian, the entire organization has under gone a major change from the ground up. The company has reduced assets the be a leaner, faster moving company. Obsidian has changed and restructured every single aspect of the organization and they want everyone in the world to know that they are not who they once were.

 

Obsidian Energy is now an intermediate sized organization that has a premium, diversified portfolio of high calibre assets that yield about 30k of boe day. By now being an intermediate company structured to maneuver as a small enterprise, Obsidian has the necessary, flexible attitude to change and grow to keep pace and succeed in the ever-changing, energy industry.

 

While Obsidian Energy used to have over 30 production areas they now focus on four. These had been their most profitable production areas and have the most proven oil reserves. The areas in which they work have some of the largest oil reserves on the planet. These four production areas are Pembina Cardium, Deep Basin, Alberta Viking, and Peace River Oil Sands

 

Obsidian Energy is priming themselves for the challenge and they are more than ready to meet the challenges that come with operating within this complex, ever-changing, energy industry.

 

One great thing about Obsidian Energy is that even though it maneuvers like a small enterprise, they still take pride in being held accountable to their shareholders. Obsidian’s accountability is a shining manifestation of the passion in how they work within and outside the company with respect to communities and business partners. Obsidian’s passion is the tangible manifestation of their superior work ethic, far surpassing their industry peers.

 

It was time for Penn West Petroleum Ltd., to open up to the world and show how they have become this strong, rising phoenix (Obsidian) they’ve evolved into over the past few years. Obsidian has completely shed their past, with no trace elements of Penn West Petroleum. Read This Article for additional information.

 

Mr. David French (new CEO) is laying down the law and letting everyone know that the new sheriff is in town and they are doing things a different way now. There are no more ghosts of the past, “This year marks a new beginning for us, and we are excited to turn the page on a new chapter,” David French said in a press event.

 

Check them out on https://www.facebook.com/pages/Obsidian-Energy-Ltd/686118968246981

New Oil Rig Begun Thanks to Talos Energy

Mexico has long been a country of fierce independence. And when it made its oil and gas industry private in 1938, almost 80 years ago, no one blinked an eye. After all, they wanted to profit from the rich natural resources of oil that lay beneath their feet and in their waters. That way, the money could go back to the people via the tax base system they had set up. However, this plan has not gone well recently.

Almost 100 years later, the country has decided to open up foreign investment for the first time. Usually, Pemex would be the only firm allowed to operate oil rigs in Mexican territory. The changing economy has gotten them to create a bidding system. A London company, Houston company, and local Mexican company won the bidding in 2015. Now the three will tackle the project together.

The well is sunk off the coast of Tabasco. It is estimated to hold anywhere from 100 million to 500 million barrels of oil. Industry experts are watching this project very closely, as it is the first of its kind. It also has a unique potential with the amount of oil it could produce and they are predicting good outcomes. About a third of proceeds will go to Talos, Sierra, and Premier. Talos will be the primary operating company of the operation.

Talos Energy, LLC was started by Phoenix Holdings in 2012 with $600 million in funding. They have gone on to acquire other companies in their industry like Helix Energy Solutions. The company focuses on exploring and exploiting gas and oil along coasts and providing high returns for investors.

Talos Energy has advanced employee methods. They let the workers share in the mega profits of the company, of which they have done $500 million in yearly sales so for. This means that an average employee can expect to have regular bonuses well beyond their salary. It’s a competitive industry, so Talos also has parent services, a food court, and special party days that let the staff play hard while they work hard with less stress. They have grown rapidly as a result. With over 120 employees, they are well beyond the 12 that they started with.

To Read More : https://www.facebook.com/talos.energy/