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Penn West Exploration

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General Overview

In January 2011 Penn West Petroleum Ltd. converted from an income trust into an exploration and production company with Penn West now operating under the trade name Penn West Exploration (TSX: PWT, NYSE: PWE). Penn West is one of the largest conventional oil and natural gas producers in Canada. Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada. Based in Calgary, Alberta, Penn West operates throughout western Canada on a land base encompassing over six million acres.

Penn West is an actively managed company with a large and diversified asset portfolio, experienced and specialized technical teams, and an extensive inventory of internal opportunities. Penn West is well positioned to create long-term value for shareholders through a high-quality, long-life asset base, strong balance sheet and experienced management team.

Sustainability

Sustainability Website(s) or Pages
http://www.pennwest.com/sustainability/environment.asp

Sustainability Mission Statement
Penn West Exploration is committed to minimizing the environmental impacts from oil and natural gas operations, and to involving stakeholders throughout the exploration, development, production and abandonment processes. Penn West's environmental programs encompass resource conservation, stakeholder communication, carbon dioxide (CO2) sequestration and site abandonment/reclamation.

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