Whiting Petroleum Sells Non-Core Properties to Undisclosed Buyers for $24.6 Million Cash
Oil and gas company Whiting Petroleum Corp. said Tuesday that it has sold its interests in several non-core properties to various undisclosed buyers for an aggregate cash amount of $24.6 million.
The divested properties include interests in the Permian Basin of Texas and New Mexico, the Cessford field in Alberta, Canada, and the Ashley Valley field in Utah.
Average net production from the divested property interests was 413 barrels of oil equivalent per day, as of the dates of disposition.
Whiting shares rose 95 cents, or 2 percent, to $48.02 in morning trading on the New York Stock Exchange.
