Penn West Petroleum Ltd Fund Company Profile

Description

Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company primarily holds interest in the Cardium Resource Play that covers an area of 675,000 net acres of developed and undeveloped land located in west central Alberta; Viking Resource Play covering an area of 530,000 net acres of developed and undeveloped land located in western Saskatchewan; and Slave Point Resource Play that covers an area of 190,000 net acres of developed and undeveloped land located in north-central Alberta. As of December 31, 2015, it operated a portfolio of opportunities in light oil in Canada covering a land base of approximately 4 million acres. The company was formerly known as Penn West Energy Trust and changed its name to Penn West Petroleum Ltd. in January 2011. Penn West Petroleum Ltd. was founded in 1979 and is headquartered in Calgary, Canada.