Operational Updates
Penn West Provides Cardium Drilling Update
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>Penn West Petroleum ,announced its results for the third quarter ended September 30, 2012.
Operations Update
Our capital programs remain focused on our large-scale light-oil plays in Western Canada. Over the past several years, we have increased the development predictability and de-risked our drilling inventory in these plays. In addition, we have recently received external confirmation of our estimated contingent resources(1) in our Cardium and Peace River areas. Our liquids production weighting continues to rise, reaching 66 percent this quarter. Infrastructure investments over the past several years at several key plays provide the ability to add production at attractive capital efficiencies as we move into 2013.
Cardium
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