Second quarter 2013 production was ahead of plan as we reduced our cycle times from the start of drilling wells to on production. This continued to result in new production coming on-stream ahead of plans and downward trending costs. For the first six months of 2013, average production was 141,436 boe per day, in-line with our expectations and our annual average production guidance. Production for the second quarter of 2013 and year-to-date in 2013 was lower than the corresponding periods of 2012 due to the asset dispositions completed in the fourth quarter of 2012.During the second quarter of 2013, exploration and development capital expenditures totalled $112 million (2012 - $329 million). Second quarter development activities were focused on completion and tie-in work from our winter drilling program, notably in the Viking and Spearfish plays. For the first six months of 2013, exploration and development capital expenditures totalled $539 million (2012 - $989 million).
Penn West Exploration Announces Its Financial Results For The Second Quarter Ended June 30, 2013
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