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Penn West to Sell Slave Point for $148 Million

Not Disclosed Penn West Petroleum Ltd.
AnnouncedMar 21, 2016
TypeProperty
Announced Date
March 21,2016
Effective Date
January 01,2016
Close Date
April 18,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
148




Snapshot
Asset/Basin:
{"Slave Point"}
Location
Region
Canada

Country
Canada

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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Transaction Details:  Subscribe to see

April 18, 2016

Penn West is pleased to announce that it has successfully closed the previously announced sale of its properties in the Slave Point area of Northern Alberta for cash consideration of approximately $148 million, subject to closing adjustments. 


Penn West Petroleum Ltd. has entered into a definitive agreement for the sale of its properties in the Slave Point area of Northern Alberta for cash consideration of $148 million, subject to closing adjustments customary in transactions of this nature.

Asset:

Penn West is also pleased to announce that so far this year it has closed or…


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