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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.

Transactions

Report Date Amount (MM) Description
2024-10-08 --

Marketed: Ovintiv Permian Asset Sale

Marketed: Ovintiv Permian Asset Sale

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

Locked Data

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News

Wildcatting is Back: The New Lower 48 Oil Plays

Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.

CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay

Berry Corp.’s legacy roots are in California’s Central Valley—but its growth engine is in Utah’s emerging Uinta Basin, CEO Fernando Araujo told Hart Energy.

Anschutz Explores Utah Mancos Shale Near Red-Hot Uinta Basin

Outside of the Uinta Basin’s core oil play, private E&P Anschutz Exploration is wildcatting in Utah’s deeper, liquids-rich Mancos shale bench, according to a Hart Energy analysis.

Scout Taps Trades, Farm-Outs, M&A for Uinta Basin Growth

With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play.

Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway

With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.

Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves

Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.

CEO: Ovintiv Passes on Permian Prices for More Montney Condensate

Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.

Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’

Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.

As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus

Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.

Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last

Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.

Ovintiv to Divest Permian Assets Amidst M&A Rumors

Ovintiv is marketing assets in the Permian Basin amidst rumors that the Denver-based E&P is looking to join in on the M&A frenzy.

With Montney Production Set to Grow, US E&Ps Seize Opportunities

Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.

Trauber: Inventory Drives M&A, But E&Ps Also Vying for Relevancy

Legendary dealmaker Stephen Trauber keeps his eyes open for out of the box ideas: Why not a BP-Shell merger? Or Chevon and ConocoPhillips? 

Mach Taps Equity Markets to Fund $136MM in Midcontinent M&A

Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins.

Midcon Momentum: SCOOP/STACK Plays, New Zones Draw Interest

The past decade has been difficult for the Midcontinent, where E&Ps went bankrupt and pulled back drilling activity. But bountiful oil, gas and NGL resources remain untapped across the Anadarko, the SCOOP/STACK plays and emerging zones around the region.