Sept 1 (Reuters) - Penn West Petroleum Ltd PWT.TO :
* Expect to see reduction of C$150 million-C$250 million in spending in 2016
from estimated C$500 million in 2015- conf call
* Expect to reduce operating costs by further 10 percent in 2016- conf call
* Continue to pursue non-core asset disposition to reduce debt levels- conf
call
* Further company coverage PWT.TO