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Penn West to Sell Mitsue Property in Alberta

Not Disclosed Penn West Petroleum Ltd.
AnnouncedSep 15, 2015
TypeProperty
Announced Date
September 15,2015
Effective Date
July 01,2015
Close Date
October 30,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
193




Snapshot
Location
Region
Canada

Country
Canada


Transaction Details:  Subscribe to see

Penn West Petroleum has announced that it has entered into a definitive agreement for the sale of its properties in the Greater Mitsue area of Central Alberta for cash consideration of $192.5 million, subject to closing adjustments customary in transactions of this nature.

We intend to use the proceeds from this disposition to reduce our senior debt.

Upon the completion of the sale of our Mitsue properties, we will have raised approximately $605 million in total proceeds this year through our non-core asset disposition program. In addition, since the end of Q2 2013, we will have divested an…


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Canada Deal Activity In Last 12 Months


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Nov-06-2024 - - Click here Alberta  E&P
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Nov-04-2025 - - Click here Alberta  E&P
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Price History


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