Penn West Energy (NYSE: PWE / TSX: PWT.UN) is one of the largest conventional oil and natural gas producers in North America with an estimated 2008 average daily production of 195,000 barrels of oil equivalent (“boe”) per day and proved plus probable reserves of approximately 750 million boe. Penn West operates a significant portfolio of unconventional opportunities with a dominant position in light oil in Canada. Based in Calgary, Alberta, Penn West operates throughout the Western Canadian Sedimentary Basin with a focus on resource-play potential in the Peace River Oil Sands of Northern Alberta, CO2 enhanced oil recovery in the Pembina, Swan Hills, Midale and Weyburn light oil pools, and coalbed methane producing assets. Penn West is well positioned to create long-term value for unitholders through its high-quality, long-life asset base, strong balance sheet and experienced management team.


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