SEC
Whistleblower
Attorneys

November 20, 2017

Penn West Petroleum Ltd., d/b/a Obsidian Energy Ltd., Todd H. Takeyasu, Jeffery A. Curran, Waldemar Grab

Financial Fraud

SANCTION AMOUNT: $8500000

Defendants: Penn West Petroleum Ltd., d/b/a Obsidian Energy Ltd.
Todd H. Takeyasu, Jeffery A. Curran, Waldemar Grab

Partial settlement (by the entity defendant, only). Canada-based oil and gas company was charged with an extensive and long-running accounting fraud that artificially reduced its operating costs by as much as 20 percent in certain periods.

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