CALGARY - Provident Energy Trust (TSX:PVE.UN) said Wednesday it has signed a deal to sell its oil and natural gas assets in west central Alberta to Storm Ventures International Inc. for $190 million in cash.
The area produces approximately 5,000 barrels of oil equivalent per day, comprised of about 70 per cent natural gas and 30 per cent liquids. Total proved reserves were 10.5 million barrels of oil equivalent at Sept. 30, while proved plus probable reserves were approximately 14.6 million boe.
Full Story: Provident sells west central Alberta oil and gas assets for $190 million - Winnipeg Free Press
The area produces approximately 5,000 barrels of oil equivalent per day, comprised of about 70 per cent natural gas and 30 per cent liquids. Total proved reserves were 10.5 million barrels of oil equivalent at Sept. 30, while proved plus probable reserves were approximately 14.6 million boe.
Full Story: Provident sells west central Alberta oil and gas assets for $190 million - Winnipeg Free Press
