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Ovintiv Inc. (fka Encana Corp.)

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About

Ovintinv (fka Encana Corp.) is a leading North American energy producer that is focused on growing its strong portfolio of diverse resource plays producing natural gas, oil and NGL. By partnering with employees, community organizations and other businesses, Ovintiv contributes to the strength and sustainability of the communities where it operates. Ovintiv common shares trade on the Toronto and New York stock exchanges under the symbol OVV.

Editor's note: Updated Feb. 4, 2020.

Transactions

Report Date Amount (MM) Description
2022-07-06 $250.00

Ovintiv to Sell ‘Noncore’ Bakken, Uinta Assets for $250 Million

Ovintiv to Sell ‘Noncore’ Bakken, Uinta Assets for $250 Million

Report Date Amount (MM) Description
2021-05-19 $880.00

Ovintiv Sells Eagle Ford Asset to Private Operator for $880 Million

Ovintiv Sells Eagle Ford Asset to Private Operator for $880 Million

Report Date Amount (MM) Description
2021-04-28 $236.00

Ovinitv Sells Out of Canada’s Duvernay Shale Play

Ovinitv Sells Out of Canada’s Duvernay Shale Play

Report Date Amount (MM) Description
2020-09-01 --

Ovintiv, PetroChina Split Duvernay Assets in JV Breakup

Ovintiv, PetroChina Split Duvernay Assets in JV Breakup

Report Date Amount (MM) Description
2020-03-03 $8.50

Empire Petroleum Agrees to Acquire Williston Basin Properties from Ovintiv

Empire Petroleum Agrees to Acquire Williston Basin Properties from Ovintiv

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2019-09-04 Encana Corp. Equity $213.00

Encana Corp. announced the final results of its substantial issuer bid under which it has accepted to…

Report Date Type Amount (MM) Description
2019-07-08 Encana Corp. Equity $213.00

Encana Corp. commenced its previously announced substantial issuer bid to purchase for cancellation up to…

Report Date Type Amount (MM) Description
2018-02-26 Encana Corp. Equity $400.00

Commenced a normal course issuer bid through which Encana may spend up to $400 million to purchase up to…

Report Date Type Amount (MM) Description
2018-02-15 Encana Corp. Buyback $400.00

Plans to spend up to $400 million to repurchase up to 35 million common shares.

Report Date Type Amount (MM) Description
2015-03-16 Encana Corp. - 2015-03-16 Equity CA$1,250.00

Completed bought deal offer of about 85.6 million common shares priced at C$14.60 each. Syndicate of…

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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News

Laying in Wait: San Juan’s ‘Remarkable’ Mancos Shale Oil Wells

The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.

Fury Road: Will $450MM Battalion M&A Fuel More Go-private Deals?

Delaware Basin E&P Battalion Oil is being acquired in a go-private transaction by a newly formed E&P Fury Resources. Could go-private sales become more common for small E&Ps with limited runway in the public markets?

Ovintiv CEO McCracken: Magnifying Margins

Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.

E&P Reinvestment Rates Predicted to Drop, Rystad Says

Rystad believes the reinvestment rate—the ratio of capex and cash flow from operations—is in decline from a high of 72% reached in the second quarter.

Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors

To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?

Uinta Rivals the Best of Permian, XCL Resources Contends

The Uinta competes with the Permian Basin’s best counties, although XCL Resources acknowledges the crude’s paraffin content presents transportation hurdles.

McKinsey: Over Half of Upstream M&A Has Hurt Shareholder Value

During the past 12 years, many of the largest upstream oil and gas deals have lost value for shareholders, according to analysis by McKinsey & Co. 

Ovintiv’s $4.2 Billion Permian Deal Improves Inventory Runway, Crude Output

Ovintiv’s $4.275 billion bid to acquire three EnCap-backed E&Ps in the northern Midland Basin adds much-needed inventory and addresses key investor concerns, analysts say.

APA, Marathon Oil, Ovintiv Boost Returns as Oil Prices Surge

The sharp focus on returns comes as oil companies remain under pressure from shareholders to increase payouts rather than spend excessively on new oil growth.

Report Claims ESG-focused US Shale Producers Perform Better over Time

A new study shows how ESG ratings of oil and gas operators are impacting their long-term financial performance.

Ovintiv to Sell ‘Noncore’ Bakken, Uinta Assets for $250 Million

As a result of the agreements to sell portions of its assets located in the Bakken and Uinta basins, Ovintiv said it has elected to accelerate the doubling of its cash returns to shareholders starting immediately.

A&D Watch: Utah’s—Yes, Utah—M&A Spree

While it’s inevitable that another basin snatches a ray of limelight from the Permian Basin from time to time, probably no one expected a rare run on Utah’s Uinta Basin, where M&A has suddenly been heating up.

Shale Producer Ovintiv Considering Sale of Utah Land, Sources Say

Ovintiv’s Uinta Basin assets spanned around 207,000 net acres in central Utah and had production of around 13,000 boe/d as of its 2020 annual report.

Best of This Week’s Drilling Activity Highlights (Oct. 22, 2021)

Results from a trio of Devon Energy Bone Spring wells in the Permian Basin, an offshore Ghana oil discovery by Eni plus a test well in Australia’s Northern Territory top this week’s oil and gas drilling activity highlights from around the world.

Ovintiv CEO Doug Suttles Announces Retirement

The Ovintiv board has named Brendan McCracken as president and CEO, effective Aug. 1, as part of a comprehensive succession planning process, says Board Chair Peter Dea.