Penn West Reports Q1 2012 Results

- May 4th, 2012

Penn West Petroleum Ltd. (NYSE:PWE) announced its Q1 2012 results, emphasizing that the company’s focus has been on building up the potential of the largest light-oil inventory in Western Canada.

Penn West Petroleum Ltd. (NYSE:PWE) announced its Q1 2012 results, emphasizing that the company’s focus has been on building up the potential of its light-oil inventory.

As quoted in the press release:

  • Average production in the first quarter of 2012 was 167,420 boe per day, after the effect of approximately 4,500 boe per day of asset dispositions in January, compared to 168,801 boe per day for the fourth quarter of 2011.
  • First quarter average liquids production was in excess of 107,000 boe per day, of which approximately 90 percent was oil.

Click here to read the full Penn West Petroleum Ltd. (NYSE:PWE) press release.

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