PWT meaning in Business ?

Answer:

What is Penn West Energy Trust mean?

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 world's largest petroleum reserves. Production comes from three key areas in Alberta: the Pembina Cardium, the Peace River oil sands, and the Alberta Viking. Total production in 2017 is expected to average approximately 31,000 bbl equivalent per day.

On 26 June 2017, Penn West Petroleum changed its name to Obsidian Energy.

reference

Full Form	Category
Penn World Table, Center for International Comparisons of Production, Income and Prices, University of Pennsylvania	Academic & Science
Penn World Tables	Academic & Science
Bremerton (wa)	Airport Code
Pacific Western Technologies	Business
Pure Water Tester	Business
Park World Tour	Business
Personal Work Time	Business
Penn West Energy Trust	Business
Product Walk Through	Business
Program Work Team	Business Management
Park Walking Trail	Community
Poor White Trash	Community
Personal Wireless Telecommunications	Computer and Networking
Point Well Taken	Computing
Page Write Through	Computing
Pocket Word Template	Computing
PANDAINU	Cryptocurrency
Hotdog Pagewiz Template	File Type
Microsoft Pocket Word Template File	File Type
Autodesk Autocad Publish-to-web Template	File Type
Penn World Table	General
Pro Wakeboard Tour	General
Pro Wake Tour	General
Prefabricated Wood Truss	General
Permits With Transportation	Governmental
Pure Water Test	Military and Defence
Particle Wave Technology	Physics Related
PennyWeight	Regional
Bremerton National Airport, Bremerton, Washington USA	Regional
Personal Webtutor	Softwares
Professional Walleye Trail	Sports