Pengrowth Energy Corp. entered into an agreement to sell its noncore Bodo property in eastern Alberta to an undisclosed buyer for CA$95 million (US$73.4 million), the company said Oct. 6.

Net proceeds will help reduce debt, the company said. Total expected disposition proceeds in 2015 will be about CA$260 million of the year’s CA$600 million disposition target, Pengrowth said. This amount comes from the sale of the Bodo asset plus signed letters of intent and some previously closed dispositions.

Bodo produced about 2,700 barrels of oil equivalent per day (boe/d), 87% liquids, on average year-to-date, which ended Aug. 31. There were 12.9MMbbl of proved plus probable reserves on Dec. 31, 2014, the company said.

The sale of Bodo is not expected to materially affect full-year 2015 average production guidance. Production will remain between 70Mboe/d and 72Mboe/d.

Also, third-party firms were engaged to help market two additional disposition packages in the Swan Hills and Greater Olds/Garrington areas, the company said.

Pengrowth Energy Corp. is based in Calgary, Alberta.