Ovintiv Announces Closing of Montney Asset Acquisition [Yahoo! Finance]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance
In This Article OVV DENVER Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity. "We are set to rapidly integrate the new Montney asset into our portfolio," said Ovintiv President and CEO, Brendan McCracken . "We consider it to be one of the highest quality undeveloped acreage positions in North America . It extends our premium Montney oil and condensate inventory life to approximately 15 years and positions Ovintiv as the premier operator in the play. This transaction, when combined with the impact of our recently
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OVV
Earnings
- 11/4/25 - Miss
OVV
Sec Filings
- 12/16/25 - Form 8-K
- 12/15/25 - Form 4
- 12/12/25 - Form 4
- OVV's page on the SEC website