Proceeds from the sale will be used to expand the company's 2014 capital program in the play by $18.4 million (C$20 million).
Radiant has already identified 21 areas where it can rework abandoned wells or drill new wells.
ExxonMobil Corp. (NYSE: XOM) remains a non-operated working interest partner in the field.
Shell CEO Ben Van Beurden has already completed about $8 billion in asset sales this year.
Macquarie Tristone has been retained to provide financial advisory services for this transaction.
The block expands NuVista's land position to more than 220 gross (190 net) sections in the Wapiti Montney area.
Meagher Energy Advisors is managing the transaction.
Occidental is trying to sell some Middle East assets individually after failing earlier this year to cut 40% of its operations in the region.
HBD, based in Bakersfield, Calif., has annual revenue of $15 million to $20 million.
The Partnership plans to use proceeds to fund the acquisition of the remaining interests in Cardinal Gas Storage Partners LLC.
The Oil & Gas Asset Clearinghouse is holding an auction featuring properties in Wyoming, Colorado, Oklahoma, Texas and more.
The lease sale could result in the production of 116-200 MMbbl of oil and 538-938 Bcf of natural gas.