Ovintiv Details $460 Million of Year-to-Date Acquisitions
MT Newswires Live
1 hour ago
Ovintiv (OVV) has entered into more than 60 transactions so far in 2026, leading to the addition of around 41,000 net acres of land across its Montney and Permian assets for roughly $460 million, the company said Wednesday.
The transactions will add 240 net 10,000-foot equivalent well locations to the company's drilling inventory.
Ovintiv is buying the assets at a valuation of about $11,000 per net acre, and between $1.3 million and $1.7 million per well location, it said.
The company expects the remaining deals to close before the end of 2026.
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