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CORRECTED-Penn West sells Saskatchewan assets for $975 mln to Teine Energy

Published 2016-06-11, 02:17 p/m
© Reuters.  CORRECTED-Penn West sells Saskatchewan assets for $975 mln to Teine Energy
OBE
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(Corrects first paragraph to show Saskatchewan assets, not only
Viking assets, are to be sold)
June 10 (Reuters) - Canadian energy producer Penn West
Petroleum Ltd PWT.TO PWE.N said on Friday that it would sell
its Saskatchewan assets, which include holdings in the Viking
region, for $975 million to Teine Energy, which is backed by the
Canada Pension Plan Investment Board.
The company, which will also sell some of its assets in
Alberta for about $140 million, expects the deal to close in the
second quarter this year.

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