The Canadian PressJanuary 21, 2014 19:32
CALGARY - Oil and gas producer Penn West Petroleum Ltd. (TSX:PWT) has reached an agreement to sell another $175 million in non-core Alberta assets, adding to the $486 million in deals it closed late last year.
The properties in central and southern Alberta produce about 6,700 barrels of oil equivalent per day and are 58 per cent weighted toward natural gas.
In a release Tuesday, Penn West said the latest transactions are expected to close in mid-March. It did not identify the buyer.