The sale includes 16,400 net acres in the Karr field, of which 9840 acres hold Montney rights.
Estimated average production for December 2016 was 1303 barrels of oil equivalent per day, with about 50% gas and 34% oil.
About 79% of the acreage is classified as undeveloped, Kelt said.
The deal is expected to close by 18 January.
Kelt still holds non-operated interests at Karr and at an associated processing plant, but aims to eventually divest those interests.
Analysts
