Oct 1 (Reuters) - Penn West Petroleum Ltd PWT.TO :
* Announces the sale of its non-operated 9.5% working interest in the weyburn
unit for $205 million and updates its annual production guidance
* Deal for C$205 million
* Says intend to use the proceeds from this disposition to reduce our senior
debt
* Upon completion of the sale of weyburn unit working interest, will have
raised approximately $810 million
* Says capital budget for the year remains unchanged at $500 million
* Says updated annual production guidance range to 84,000 - 88,000 boe/d from
86,000 - 90,000 boe/d
* Says continue to expect operating costs for the year to be between $19.25/boe
and $19.75/boe
* Says will have raised about $810 million in total proceeds this year through
non-core asset disposition program
* Source text for Eikon ID:nCNW87Hjha
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