Is Pengrowth dumping $63 million of well/facility cleanup liability?

“Sale was to one company and we are not disclosing the buyer nor the exact proceeds.” – Pengrowth Pengrowth Energy Corporation announced Wednesday that it has entered into an agreement to sell “matured legacy assets” from 36 properties – including  270 facilities and 1,600 wellbores – for a nominal cash consideration, ridding itself of perhaps […]

Is Pengrowth dumping $63 million of well/facility cleanup liability? Read More »