EX-99.1 2 ex991.htm NEWS RELEASE DATED SEPTEMBER 22, 2006 News Release dated September 22, 2006
Exhibit 99.1
 
News release via Canada NewsWire, Calgary 403-269-7605

    Attention Business/Financial Editors:
    Penn West Energy Trust announces September cash distribution

    PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) is pleased to confirm
    cash distributions for September 2006

    CALGARY, Sept. 22 /CNW/ - Penn West Energy Trust ("Penn West") confirms
that its September 2006 cash distribution will be CDN$0.34 per trust unit
payable on October 13, 2006 to unitholders of record on September 29, 2006.
The ex-distribution date is September 27, 2006.
    The CDN$0.34 per unit is equivalent to approximately U.S.$0.30 per unit
(before deduction of any applicable Canadian withholding tax), using a current
U.S./Canadian exchange ratio of 0.89. Registered unitholders with U.S.
addresses will receive their distributions directly from our transfer agent,
and will be paid in U.S. currency using the exchange rate in effect on the
record date. Non-registered U.S. unitholders will receive their distributions
through their brokers.

    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, Phone: (403) 777-2500, Toll-free:
1-866-693-2707, Fax: (403) 777-2699, Website: www.pennwest.com; Investor
Relations: Phone: 1-888-770-2633, E-mail: investor_relations(at)pennwest.com;
William Andrew, President and CEO, Phone: (403) 777-2502/
    (PWT.UN. PWE)

CO:  Penn West Energy Trust

CNW 17:35e 22-SEP-06