CALGARY, May 1, 2014 /CNW/ – Imperial Oil Limited announced today the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for CA $855 million. As a result of the sale, Imperial will record an after-tax earnings gain of between $475 million and $525 million in the second quarter of 2014.
Located in British Columbia and Alberta, these assets produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production was split about evenly between oil and gas.
SOURCE Imperial Oil Limited
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