12:17 PM EST - Penn West Energy Trust : the oil and gas trust reported its third quarter profits fell 15 percent to $177.8 million on falling natural gas prices. Three-month revenues jumped 19 percent to $636 million from $535 million. Total production rose to 129,059 barrels of oil equivalent output a day in the third quarter, 38 percent higher than the 93,242 barrels a day for the same 2005 period. The increase in production, as well as hedging gains and higher liquids prices, helped to offset the decline in natural gas prices. Penn West Energy Trust
units T.PWT.UN are trading down 90 cents at $31.83.
