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

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. 
 

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