Imperial to sell conventional assets to Whitecap for $855 million

Imperial Oil Ltd. has reached an agreement to sell its interest in conventional assets in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in British Columbia and Alberta to Whitecap Resources Inc. for $855 million. The deal is expected to close in May.

The assets in 2013 produced 15,000 boe/d, split evenly between oil and gas, on a net before royalty basis.