PENN WEST PETROLEUM LTD. T.PWT

Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."

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Post by makedonkaon Apr 24, 2017 10:22am

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Post# 26156734

Russia cuts 250,000 b/d

"Russia has lowered its oil output by 250,000 b/d from its October level and will reach its full commitment of a 300,000 b/d cut by the end of the month, Energy minister Alexander Novak said Friday.

"We're fulfilling the obligation to gradually cut the output by Russia," Novak told reporters during a visit to Tokyo. "Today, we see a 250,000 b/d cut, and in line with the plans which we announced earlier, the level of 300,000 b/d will be reached by the end of April and we'll keep that level until the end of the agreement."

https://www.platts.com/latest-news/oil/tokyo/russia-cuts-250000-bd-to-comply-with-oil-output-26717617

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