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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."

TSX:PWT - Post by User

PENN WEST PETROLEUM LTD.

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Post by whoLuLuon Jun 13, 2017 9:14am

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Post# 26355738

it's about Shale

Shale oil production in the United States is expected to jump again in July, marking the fourth straight month the Department of Energy has forecast monthly growth above 100,000 barrels a day. The department's U.S. Energy Information Administration on Monday projected crude oil output will rise by 127,000 barrels a day next month in several of the nation's shale basins, where producers use advanced drilling methods like hydraulic fracturing to squeeze oil and natural gas from rock formations.

In July, total output from these resources is expected to reach nearly 5.5 million barrels a day, according to EIA.

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Sirios Resource discovers visible gold in Quebec