Penn West Petroleum Ltd (USA)
Michael Faust was elected to the Board of Directors in 2018, following the Annual and Special Meeting and held the role of Interim President and CEO of Obsidian Energy from March 2019 – December 2019. Mr. Faust has over 35 years of industry, financial and leadership experience within the oil and gas sector, including diverse geological, geophysical and reservoir experience spanning many different basins and formations throughout the world. In March 2019, Mr. Faust became a director of Parker Drilling Company, a global, multi-faceted drilling and production service company. Since January 2017, he has been a Director of SAExploration Holdings, Inc., a NASDAQ-listed, global oilfield services company offering seismic data acquisition and logistical support services. Prior to his governance roles, he established a long career of increasing responsibilities with ExxonMobil and ConocoPhillips, culminating in roles as Vice President, Exploration, Land and Business Development at ConocoPhillips Alaska, Inc. and ConocoPhillips Canada Ltd., where he oversaw and managed the company’s exploration and strategy in those regions. Mr. Faust earned his Master of Arts degree in Geophysics from the University of Texas at Austin in 1984, after receiving his Bachelor of Science degree in Geology from the University of Washington in 1981. Mr. Faust is a Certified Petroleum Geologist and a member of the American Association of Petroleum Geologists (AAPG), and the Society of Exploration Geophysicists (SEG).
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Penn West Petroleum Ltd (USA)
Penn West Petroleum Ltd. (Penn West) is an exploration and production company. The Company operates in the segment of exploring for, developing and holding interests in oil and natural gas properties, and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. Penn West owns the petroleum and natural gas assets or over 100% of the equity, directly or indirectly, of the entities that carry on the remainder of the oil and natural gas business of Penn West, except for an unincorporated joint arrangement (the Peace River Oil Partnership). Penn West's subsidiaries hold approximately 55% interest in the Peace River Oil Partnership. Penn West operates under the trade names of Penn West and Penn West Exploration. Based in Calgary, Alberta, Penn West operates a portfolio of opportunities with a position in light oil in Canada on a land base encompassing approximately four million acres.