Canadian Manufacturing

PetroBakken sells Weyburn stake in $105 million deal

The 2.2 per cent interest in the unit amount to 580 barrels of oil a day.

January 19, 2012  by The Canadian Press

CALGARYPetroBakken Energy Ltd. has sold its position in the Weyburn, Sask. Oil exploration project for $105 million.

The company said the 2.2 per cent stake amounts to the production of 580 barrels of oil per day.

PetroBakken is majority owned by Calgary-based oil producer Petrobank Energy and Resources Ltd. and currently produces light oil in Alberta’s Cardium field and Saskatchewan’s Bakken region.


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