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Home News Crew Energy nets $138 million in sale of Princess, Alberta asset

Crew Energy nets $138 million in sale of Princess, Alberta asset

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The funds from the sale will go towards the growth of the company’s Montney capital program and to repay bank debt. The sale includes 259,234 net acres of petroleum and natural gas rights.

The company anticipates that the development of its Montney site which is 300,000 acres can replace the production and reserves from the Princess site.

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