Penn West At a Glance
Company Overview
In May 2005 Penn West Petroleum Ltd. converted from a senior independent exploration and production company into an income trust. Penn West Energy is one of the largest conventional oil and natural gas producers in North America. With proved plus probable reserves of approximately 687 million boe, Penn West has a reserve life index of 11.1 years. Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada. Based in Calgary, Alberta, Penn West operates throughout the Western Canadian Sedimentary Basin on a land base encompassing approximately 7 million acres. Penn West has considerable interests in large light/medium oil pools, an extensive in-situ oil sands project under early stages of development, and a large inventory of enhanced oil recovery opportunities.
Penn West is an actively managed trust with a large and diversified asset portfolio, experienced and specialized technical teams, and an extensive inventory of internal opportunities. Penn West is well positioned to create long-term value for unitholders through a high-quality, long-life asset base, strong balance sheet and experienced management team, together with improved access to equity and debt markets resulting from Penn West's size and strength.
To view Penn West's latest presentation, please click here.
To view a pdf of the most recently quarterly report in full, please click here.