The assets currently produce approximately 80 million cubic feet of natural gas and natural gas equivalent per day, and the sale is expected to close during the fourth quarter of this year.

Suncor is continuing with plans to divest several non-core assets as part of its strategic business alignment, and including the recent sale, it has disposed of or agreed to dispose of assets worth approximately C$2.8bn.

Separately, Direct Energy said that, with the acquisition of the Wildcat Hills assets, its total natural gas equivalent production increases by about 80% to approximately 180mmcfe/day.