Penn West appoints David Dyck as SVP, CFO, effective May 1 Penn West announced that David Dyck has been appointed SVP and CFO of Penn West effective May 1. Dyck replaces Todd Takeyasu who today is stepping down from the role. Dyck was most recently the CFO of a Calgary energy company focused on developing natural gas conversion projects combined with in-situ coal gasification technology.
Penn West sells $355M in non-core assets Penn West has signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately $355M to a private company. The assets are currently producing approximately 7,500 boe/day. The disposition represents less than 5% of the company's proved and probable reserve base of 625Mboe. The company expects the transaction to close in early December. These assets were not allocated any current or future development capital under the company's long-term plan.