The assets to be sold are located in Alberta, Saskatchewan and British Columbia and compromise total current production of approximately 2,100boe/day, of which 51% is natural gas.
The asset dispositions are expected to be completed by 1 December 2011 and the company will use the proceeds from the sale to reduce outstanding debt.
Equal Energy president and CEO Don Klapko said these assets are not the focus of further development by the company.
"Equal will continue to develop its key oil plays in the Alliance Viking and Lochend Cardium in Canada, and its liquids-rich gas play in the Hunton formation of Oklahoma," Klapko said.
