In 1972 Mr. Fox started drilling wells in Oklahoma with capital raised from private investors. The company had a high success rate and was able to continue its exploration activities for a long period of time. Production from the wells has continued for much of the past 41 years. Within a few years of the company's formation, Mr. Fox recognized the tremendous opportunity present for drilling contractors because of the boom in domestic oil exploration and founded Fox Drilling Company.
Penn West Petroleum Ltd. (TSX: PWT) (NYSE: PWE). Penn West is one of the largest conventional oil and natural gas producers in Canada. Our goal is to be the company that redefines oil & gas excellence in western Canada. Based in Calgary, Alberta, Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada on a land base encompassing approximately five million acres.