Penn West (PWE) closes its $1.35B divestment of non-core assets, and expects to record a gain of...

|About: Penn West Petroleum Ltd. (PWE)|By:, SA News Editor

Penn West (PWE) closes its $1.35B divestment of non-core assets, and expects to record a gain of $250M-$300M on the sales. PWE expects 2012 annual average production to remain in the previously issued guidance range of 161K-163K boe/day after the effect of the divestments.