Post Tagged with: "Ovintiv"

Source: World Oil

Ovintiv closes Midland basin acquisition for over $4 billion, completes Bakken asset sale for $825 million

World Oil


(WO) – Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv’s existing Permian operations.

The …

Ovintiv to acquire core Midland Basin assets

Ovintiv to acquire core Midland Basin assets

Oil and Gas 360


Transaction Expands Permian Premium Inventory, Enhances Shareholder Returns

Company to Exit Bakken Position with Announced Asset Sale

Ovintiv to acquire core Midland Basin assets- oil and gas 360

 

Highlights:

  • Acquiring approximately 65,000 net acres of largely undeveloped resource in Martin and Andrews Counties, highly complementary with
Ovintiv to accelerate doubling of shareholder returns; announces agreements to sell portions of its Uinta and Bakken assets for approximately $250 million

Ovintiv to accelerate doubling of shareholder returns; announces agreements to sell portions of its Uinta and Bakken assets for approximately $250 million

Oil and Gas 360


DENVERJuly 6, 2022 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken Basins for …

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Oil and Gas 360


DENVERMarch 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, …