TMX group

PENN WEST ENERGY TRUST (TSX - PWT.UN) is pleased to confirm cash 
distributions for February 2006 and to announce additional 2007 WTI crude 
oil hedges

CALGARY, Feb. 14 /CNW/ - Penn West Energy Trust ("the Trust") confirms
that its February 2006 cash distribution will be $0.34 per trust unit payable
on March 15, 2006 to unitholders of record on February 28, 2006. The ex-
distribution date is February 24, 2006.
The Trust recently entered into additional crude oil (WTI) collars with a
volume of 5,000 barrels of oil per day for the 2007 calendar year. Collars are
financial instruments that set a minimum price (the "floor price") to be
realized in return for a maximum price (the "ceiling price") to be realized.
These collars were transacted with an average floor price of US$ 55.00 per
barrel and an average ceiling price of US$ 85.25 per barrel. The transaction
of these collars is consistent with policies established by the Board of
Directors of the Trust. For a summary of the Trust's oil and natural gas
hedges, please refer to "hedging" under the "operations" section of the
Trust's website at www.pennwest.com.

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.

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