Penn West to offload assets in $192.5 million deal

Penn West to offload assets in $192.5 million deal

Penn West to offload assets in $192.5 million deal Oil producer Penn West said Tuesday that it is selling its assets in Mitsue, Alberta for $192.5 million. The deal continues the firm’s offloading of non-core assets as it seeks to reduce debt. So far this year, and including the Mitsue deal, it will have added $605 million towards cutting more than $2 billion of liabilities.