Attention Business Editors:
Penn West Energy Trust Responds to a Fire at its Northern British Columbia Gas Plant
PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) responds to a fire at
its northern British Columbia gas plant
CALGARY, May 14 /CNW/ - Penn West Energy Trust ("Penn West") wishes to
report that a fire occurred at its 100 percent owned Wildboy gas plant,
located approximately 130 kilometers northeast of Fort Nelson, British
Columbia. Although the fire was limited to the product storage tank area and
adjacent facilities, Penn West immediately ordered the shut-in of natural gas
production to minimize potential health, safety and environmental risks, and
reduce further damage to the production facilities. The fire, which began at
approximately 4:15 p.m. MDT on Sunday, May 13th, was allowed to burn in a
controlled fashion until it was safe to extinguish it on Monday, May 14th.
There were no injuries resulting from the fire and all onsite staff and
contractors have been accounted for.
Natural gas production of approximately 50 million cubic feet per day was
shut-in when the fire occurred. While this production is shut-in, Penn West's
total production on a barrel of oil equivalent basis will be reduced by
approximately six percent. An investigation into the cause of the fire will
commence once the site is determined to be safe to enter and, thereafter,
preparations will be made to repair the damaged equipment and fully restore
the natural gas production.
Penn West Energy Trust is a senior oil and natural gas energy trust based
in Calgary, Alberta that trades on the Toronto Stock Exchange under the symbol
PWT.UN and on the New York Stock Exchange under the symbol PWE.
%SEDAR: 00022266E
%CIK: 0001334388
For further information: PENN WEST ENERGY TRUST, Suite 2200, 425 - First
Street S.W., Calgary, Alberta, T2P 3L8, Website: www.pennwest.com, Toll-free:
1-866-693-2707, Phone: (403) 777-2500, Fax: (403) 777-2699; Investor
Relations: William Andrew, President and CEO, Phone (403) 777-2502, Toll-free:
1-888-770-2633, E-mail: investor_relations@pennwest.com
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Penn West Energy Trust
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CODE : PWE |
ISIN : CA7078871059 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Penn West Energy Trust is a and oil producing company based in Canada. Penn West Energy Trust holds various exploration projects in Canada. Its main exploration property is SWAN HILLS in Canada. Penn West Energy Trust is listed in United States of America. Its market capitalisation is US$ 80.7 millions as of today (€ 73.8 millions). Its stock quote reached its highest recent level on May 29, 2009 at US$ 9.98, and its lowest recent point on April 01, 2020 at US$ 0.15. Penn West Energy Trust has 504 340 988 shares outstanding. |