Penn West Petroleum (PWE) announces a base capital budget of C$900M for 2013, with an option to...

|About: Penn West Petroleum Ltd. (PWE)|By:, SA News Editor

Penn West Petroleum (PWE) announces a base capital budget of C$900M for 2013, with an option to layer in up to another C$300M in H2: 90% is allocated towards light oil projects, as spending on facilities and well equipping will be significantly reduced. PWE expects 2013 production of 135K-145K boe/day.