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BRIEF-Penn West expects to see reduction of C$150 mln-C$250 mln in spending in 2016 from estimated C$500 mln in 2015- conf call

Published 2015-09-01, 10:35 a/m
© Reuters.  BRIEF-Penn West expects to see reduction of C$150 mln-C$250 mln in spending in 2016 from estimated C$500 mln in 2015- conf call
OBE
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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

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