{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-089874","form_type":"8-K","ticker":"OVV","cik":"0001792580","company_name":"Ovintiv Inc.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.617920+00:00","generated_at":"2026-06-17T06:33:57.536448+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ovintiv to acquire Permian assets for $3.125B cash + 32.6M shares; sells Bakken assets for $825M","bullets":["Permian acquisition consideration: $3.125B cash plus 32,645,970 Ovintiv shares; effective date Jan 1, 2023.","Bakken divestiture to Grayson Mill Bakken for $825M cash; expected close June 12, 2023.","Ovintiv entered debt commitments: $825M term loan and $3.125B bridge loan to fund cash portion.","Acquisition subject to HSR approval, other conditions; target close by June 27, 2023.","Sellers get registration rights for Ovintiv shares issued as consideration."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-089874","json":"https://secwatch.observer/filing/0001193125-23-089874.json","markdown":"https://secwatch.observer/filing/0001193125-23-089874.md","text":"https://secwatch.observer/filing/0001193125-23-089874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1792580/000119312523089874/0001193125-23-089874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1792580/000119312523089874/d444841d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:33:57.536448+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fe78c8b2e7cd9bd64914a98429099ac1b889786f","claim":"Ovintiv Inc. entered into Securities Purchase Agreement with Black Swan Oil & Gas, LLC, PetroLegacy II Holdings, LLC, Piedra Energy III Holdings, LLC, Piedra Energy IV Holdings, LLC valued at $3.125 billion in cash and 32,645,970 million shares of Ovintiv common stock (effective 2023-04-03).","evidence_excerpt":"On April 3, 2023, Ovintiv Inc. (“Ovintiv”), and its wholly-owned subsidiary, Ovintiv USA Inc. (the “OVV Buyer” and, together with Ovintiv, the “OVV Buyer Parties”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Black Swan Oil & Gas, LLC, PetroLegacy II Holdings, LLC, Piedra Energy III Holdings, LLC, and Piedra Energy IV Holdings, LLC (collectively, the “Sellers”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1792580/000119312523089874/0001193125-23-089874-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Black Swan Oil & Gas, LLC, PetroLegacy II Holdings, LLC, Piedra Energy III Holdings, LLC, Piedra Energy IV Holdings, LLC"},{"label":"Value","value":"$3.125 billion in cash and 32,645,970 million shares of Ovintiv common stock"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}