One-Page Deal Sheet
Penn West to Drop Non-Core Viking, Manville Assets for $175 Million
Not Disclosed Penn West Petroleum Ltd.
Announced Date
January 21,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
175
Asset/Basin:
{"Western Canadian Sedimentary Basin"}
TargetZones:
{Viking,Mannville}
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Penn West Petroleum Ltd. has entered into a PSA for expected proceeds of $175 million which represents the first transaction in phase two of the divestiture strategy in the Company's long-term plan.
Assets included in the PSA are located in central and southwestern Alberta and contain non-core Viking and Mannville units in the eastern part of central Alberta.
Disposition asset characteristics:
current non-core production of approximately 6,700 boe per day weighted 58 percent toward natural gas approximately 1,800 currently producing or suspended wellbores included in the disposition expected…| Date | Deal Headline | Price | $/acre |
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