March 21 (Reuters) - Penn West Petroleum Ltd PWT.TO
* Entered definitive agreement for sale of properties in
Slave Point area of Northern Alberta for cash consideration of
$148 million
* Entered either definitive agreements or LOI to sell some
of non-core assets for aggregate cash consideration of about $80
million
* Due to limited development capital allocated to Slave
Point during 2015,2016, expected production declines for area
are about 35 pct
* Sale of Slave Point is expected to lower Penn West's
corporate per barrel operating costs and reduce corporate
decline rates
Source text for Eikon: ID:nCNWsPr1Ba
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