Canada’s Penn West to shut in 2,000 b/d of output

摘要

Calgary-Canada’s Penn West will continue to shut in 2,000 b/d of light oil production in Alberta and Saskatchewan despite a recent uptick in WTI prices to about $60/barrel. “We are watching the price movements, but resuming production from those wells will unlikely happen this year,” CEO Dave Roberts told reporters on the sidelines of the com- pany shareholders meeting on Wednesday.