Penn West Petroleum Ltd was incorporated in Canada on January 1, 2011. The Company is a senior exploration and production company. The Company explores, develops and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. The Company owns the petroleum and natural gas assets or 100 percent of the equity, directly or indirectly, of the entities that carry on the remainder of the oil and natural gas business of Penn West.
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