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01-28-2016, 08:41 PM
http://i.cbc.ca/1.2554107.1400793850!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/oil-trains-first-responders.jpg Penn West Petroleum Ltd. is cutting its capital budget for 2016 to only one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and works to reduce expenses.
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