As part of the deal, the company will acquire about 88% working interest in 5,920 gross developed acres of land that include infrastructure and 17 producing oil wells, which are expected to add around 400boe/d (94% light oil) production to the firm.
The acquisition, which is expected to be completed in December, 2013, is subject to customary closing conditions.
Anterra Energy CEO Gang Fang said the acquisition will help to increase production and reserve base in Western Canada.
"Looking ahead, we continue to evaluate opportunities to further expand our asset base, increase our production and add to our inventory of development opportunities," Fang added.
The company is engaged in the acquisition, development and production of oil and natural gas in the Western Canadian Sedimentary basin.
