Operational Updates
Penn West Exploration Announces Cardium Update
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OPERATIONS UPDATE
In the first quarter of 2012, we were the most active driller for light-oil targets in Western Canada. We executed our most active operational quarter in company history. At peak, we had 38 drilling rigs operating and rig released 179 operated development wells in the quarter. Predictable results and an inventory of multi-well pads for tie-in position us well to continue our operational momentum.
Cardium
Penn West holds the largest land position in industry on the Cardium trend with approximately 665,000 net acres. We are in full-scale development in Willesden Green, Alder Flats and West Pembina where our results exceed the industry average. We had six rigs active in our three focus areas and we drilled 28 wells. We are currently producing over 9,000 boe per day from…- ✓ Full news archive — U.S., Canada & international coverage
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