Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Peace River induced-seismicity controversy
The Alberta Energy Regulator issued an environmental protection order after a cluster of felt earthquakes near a deep-disposal well operated by Obsidian. Geological investigators reported a clear connection between injection activity and the seismicity.
2014
Historical accounting misclassification
Penn West disclosed that operating expenses had been incorrectly classified as capital expenditures and royalty expenses in historical reporting periods. The company notified regulators, reviewed records back to 2007 and faced investor lawsuits in Canada and the United States.