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Ovintiv Inc.

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About

Ovintiv Inc. is a North American energy producer focused on developing its multi-basin portfolio of oil, natural gas liquids and natural gas producing plays.

News

Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition

XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.

Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit

Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.

Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package

Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.

Kimmeridge’s Mark Viviano on Reshaping the Energy Sector, SilverBow-Crescent Deal

Kimmeridge Energy Engagement Partners’ Mark Viviano says the company is evaluating the Crescent Energy and SilverBow Acquisition and how Kimmeridge played a key role in transforming the shale sector in this Hart Energy Exclusive interview.

Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out

As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.

Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal

More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.

Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing

Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.

SilverBow Gears Up for Proxy Fight with Kimmeridge

Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.

Mighty Midland Still Beckons Dealmakers

The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.

E&P Earnings Season Proves Up Stronger Efficiencies, Profits

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

Kimmeridge Activates on SilverBow: A Battle for South Texas Gas

Investment firm Kimmeridge is looking for more natural gas production for its own E&P to participate in the Gulf Coast LNG market. SilverBow Resources has gas.

Making Bank: Top 10 Oil and Gas Dealmakers in North America

MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.

Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?

As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.

Ovintiv Names Sippy Chhina to Board of Directors

Chhina recently retired as a partner at services firm Deloitte Canada LLP.

Evolution Petroleum Acquires SCOOP/STACK Interests

Evolution Petroleum entered agreements with three companies to purchase non-op interests in Oklahoma’s SCOOP and STACK plays for $43.5 million, equaling its largest transaction so far.