Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Penn_West_Exploration> ?p ?o }
- Penn_West_Exploration abstract "Penn West Exploration Ltd. (previously known as Penn West Energy Trust) — still referred to as known as Penn West Petroleum in the media — was a prominent mid-sized Canadian oil and natural gas production company based in Calgary, Alberta. For a while it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange. From 2005-2011 it was a Canadian royalty trust (CANROY), and as such did not pay federal income taxes. With a market capitalization in January 2008 of approximately US $9.5 billion, it was the largest oil and gas energy trust in North America.Penn West Exploration was previously an independent exploration and production company named as Penn West Petroleum Ltd. In May 2005, it converted into an income trust and operated under the trade name as Penn West Energy Trust. This was an entity which pays the majority of its earnings directly to shareholders (known as \"unitholders\" in a trust), in the form of dividends. Penn West has acquired several other income trusts since reorganizing as a trust in 2005: Vault, Canetic, and Petrofund. These acquisitions made it the single largest energy trust on the continent. In January 2011, Penn West Petroleum Ltd. converted back from an income trust into an exploration and production company. Penn West now operates under the trade name as Penn West Exploration.Penn West's oil and gas fields are distributed throughout the Western Canadian Sedimentary Basin, a region which is one of the world's largest petroleum reserves. Production comes from three main areas, the \"Northern\", \"Central\", and \"Plains\", areas which stretch from northeastern British Columbia, southeast across central Alberta to southern Saskatchewan, and then along the U.S. border to the border with the province of Manitoba. Penn West projects a production of 200,000 to 210,000 bbl (32,000 to 33,000 m3) equivalent per day throughout 2008, and claims a reserve lifetime of 10.2 years as of December 31, 2006, on the known and probable reserves of 482.8 Mbbl (76,760,000 m3) equivalent throughout their holdings. Of their output, a total of 44% has been natural gas, with oil and NGLs accounting for the remaining 56%. In addition, Penn West maintains a project to recover heavy oil from the Peace River Oil Sands.Penn West became a Canadian royalty trust (CANROY) in 2005. In 2011 the federal government phased out this tax advantaged structure and Penn West reverted to a corporation. The tax status of Canadian trusts changed in 2011 phasing out this tax advantaged structure when Jim Flaherty was the Canadian Finance Minister. Commencing in 2011, trusts would be taxed like all other corporations, at the full 31.5% rate; this would remove the advantage for which they were set up in the first place. Share prices of the trusts dropped immediately after the announcement, which was dubbed the \"Halloween Massacre.\" What prompted the move was that the trusts were costing the Canadian government upwards of $500,000,000 each year in lost revenue.Since the announcement of the Canadian \"Tax Fairness Plan' approximately 90% of Canadian Royalty Trusts (CANROY's) have either converted to corporations, merged with other companies, or simply liquidated. While the Tax Fairness Plan did not require a conversion to corporate status most companies found it beneficial to do so. After conversion most companies were required to slash their dividend payouts to reflect the new level of taxation they would be required to pay.".
- Penn_West_Exploration foundationPlace Alberta.
- Penn_West_Exploration foundationPlace Calgary.
- Penn_West_Exploration foundationPlace Canada.
- Penn_West_Exploration foundingYear "1979".
- Penn_West_Exploration industry List_of_oil_exploration_and_production_companies.
- Penn_West_Exploration location Calgary.
- Penn_West_Exploration location Oil.
- Penn_West_Exploration numberOfEmployees "1300".
- Penn_West_Exploration product Natural_gas.
- Penn_West_Exploration product Oil.
- Penn_West_Exploration thumbnail Penn_West_logo.svg?width=300.
- Penn_West_Exploration type Public_company.
- Penn_West_Exploration wikiPageExternalLink www.pennwest.com.
- Penn_West_Exploration wikiPageID "15678018".
- Penn_West_Exploration wikiPageLength "13016".
- Penn_West_Exploration wikiPageOutDegree "37".
- Penn_West_Exploration wikiPageRevisionID "703900619".
- Penn_West_Exploration wikiPageWikiLink Alberta.
- Penn_West_Exploration wikiPageWikiLink Baytex_Energy.
- Penn_West_Exploration wikiPageWikiLink British_Columbia.
- Penn_West_Exploration wikiPageWikiLink Calgary.
- Penn_West_Exploration wikiPageWikiLink Canada.
- Penn_West_Exploration wikiPageWikiLink Canadian_Oil_Sands.
- Penn_West_Exploration wikiPageWikiLink Category:2005_establishments_in_Alberta.
- Penn_West_Exploration wikiPageWikiLink Category:Companies_based_in_Calgary.
- Penn_West_Exploration wikiPageWikiLink Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Penn_West_Exploration wikiPageWikiLink Category:Companies_listed_on_the_Toronto_Stock_Exchange.
- Penn_West_Exploration wikiPageWikiLink Category:Non-renewable_resource_companies_established_in_2005.
- Penn_West_Exploration wikiPageWikiLink Category:Oil_companies_of_Canada.
- Penn_West_Exploration wikiPageWikiLink TSX_Composite_Index.
- Penn_West_Exploration wikiPageWikiLink Crescent_Point_Energy.
- Penn_West_Exploration wikiPageWikiLink Enterra.
- Penn_West_Exploration wikiPageWikiLink Jim_Flaherty.
- Penn_West_Exploration wikiPageWikiLink List_of_oil_exploration_and_production_companies.
- Penn_West_Exploration wikiPageWikiLink Manitoba.
- Penn_West_Exploration wikiPageWikiLink Natural-gas_processing.
- Penn_West_Exploration wikiPageWikiLink Natural_gas.
- Penn_West_Exploration wikiPageWikiLink Oil.
- Penn_West_Exploration wikiPageWikiLink Paramount_Resources.
- Penn_West_Exploration wikiPageWikiLink Pengrowth_Energy.
- Penn_West_Exploration wikiPageWikiLink Petroleum.
- Penn_West_Exploration wikiPageWikiLink Progress_Energy_Resources.
- Penn_West_Exploration wikiPageWikiLink Public_company.
- Penn_West_Exploration wikiPageWikiLink Royalty_trust.
- Penn_West_Exploration wikiPageWikiLink TSX_60.
- Penn_West_Exploration wikiPageWikiLink Saskatchewan.
- Penn_West_Exploration wikiPageWikiLink The_price_of_oil.
- Penn_West_Exploration wikiPageWikiLink Toronto_Stock_Exchange.
- Penn_West_Exploration wikiPageWikiLink Trilogy.
- Penn_West_Exploration wikiPageWikiLink Western_Canadian_Sedimentary_Basin.
- Penn_West_Exploration wikiPageWikiLink File:Penn_West_logo.svg.
- Penn_West_Exploration wikiPageWikiLinkText "Penn West Exploration".
- Penn_West_Exploration wikiPageWikiLinkText "Penn West Petroleum Ltd.".
- Penn_West_Exploration wikiPageWikiLinkText "Pennwest".
- Penn_West_Exploration foundation Alberta.
- Penn_West_Exploration foundation Calgary.
- Penn_West_Exploration foundation Canada.
- Penn_West_Exploration homepage www.pennwest.com.
- Penn_West_Exploration industry List_of_oil_exploration_and_production_companies.
- Penn_West_Exploration keyPeople "David Roberts, President, CEO".
- Penn_West_Exploration location "Headquarters in Calgary; oil and gas wells throughout western Canada".
- Penn_West_Exploration logo "200".
- Penn_West_Exploration marketCap "6.5E9".
- Penn_West_Exploration name "Penn West Petroleum Ltd.".
- Penn_West_Exploration numEmployees "1300".
- Penn_West_Exploration products "Oil and natural gas".
- Penn_West_Exploration tradingName "Penn West Exploration".
- Penn_West_Exploration type Public_company.
- Penn_West_Exploration wikiPageUsesTemplate Template:Convert.
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- Penn_West_Exploration wikiPageUsesTemplate Template:NYSE.
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- Penn_West_Exploration wikiPageUsesTemplate Template:Quote.
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- Penn_West_Exploration subject Category:2005_establishments_in_Alberta.
- Penn_West_Exploration subject Category:Companies_based_in_Calgary.
- Penn_West_Exploration subject Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Penn_West_Exploration subject Category:Companies_listed_on_the_Toronto_Stock_Exchange.
- Penn_West_Exploration subject Category:Non-renewable_resource_companies_established_in_2005.
- Penn_West_Exploration subject Category:Oil_companies_of_Canada.
- Penn_West_Exploration subject TSX_Composite_Index.
- Penn_West_Exploration hypernym Oil.
- Penn_West_Exploration type Agent.
- Penn_West_Exploration type Company.
- Penn_West_Exploration type Organisation.
- Penn_West_Exploration type Company.
- Penn_West_Exploration type Establishment.
- Penn_West_Exploration type Organization.
- Penn_West_Exploration type Agent.
- Penn_West_Exploration type SocialPerson.
- Penn_West_Exploration type Thing.
- Penn_West_Exploration type Q43229.
- Penn_West_Exploration comment "Penn West Exploration Ltd. (previously known as Penn West Energy Trust) — still referred to as known as Penn West Petroleum in the media — was a prominent mid-sized Canadian oil and natural gas production company based in Calgary, Alberta. For a while it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange. From 2005-2011 it was a Canadian royalty trust (CANROY), and as such did not pay federal income taxes.".
- Penn_West_Exploration label "Penn West Exploration".
- Penn_West_Exploration sameAs Q764321.
- Penn_West_Exploration sameAs Penn_West_Exploration.
- Penn_West_Exploration sameAs Penn_West_Exploration.
- Penn_West_Exploration sameAs m.03npl84.