By OGJ editors
HOUSTON, Nov. 13 -- MarkWest Hydrocarbon Inc., Denver, has agreed to sell its wholly owned subsidiary, MarkWest Resources Canada Corp., to Advantage Energy Income Fund, a Calgary-based royalty trust, for $102.5 million (Can.).
The sale price might be increased by up to an additional $2.5 million if certain lands are retained through additional drilling before Dec. 31. Closing is expected by Jan. 1.
MarkWest Hydrocarbon continues to evaluate options for its wholly owned subsidiary, MarkWest Canadian Midstream Services Inc., which holds natural gas exploration assets in the Bigstone-Berland River area of Alberta.