Penn West Petroleum is restarting its field operations in Alberta after a series of asset sales reduced debt and strengthened its balance sheet.
The Canadian junior generated C$75 million (US$56 million) in proceeds during the third quarter of 2016 from the sale of about 6000 barrels of oil equivalent per day - keeping it on track to achieving its total disposition goal of between C$100 million and C$200 million by the end of 2016.
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