Ovintiv Inc. (OVV): M&A transaction — Ovintiv closes $2.307B Montney asset acquisition from Paramount, adds 70 MBOE/d

Ovintiv Inc.

Acquired ~109,000 net acres in Montney for C$3.325B cash plus Horn River assets.
Adds ~70 MBOE/d production and ~900 net well locations; extends oil inventory to ~15 yrs.
Purchase price at close ~$2.307B; realized currency swap losses of ~$97M.
2025 Non-GAAP Free Cash Flow expected to increase ~$300M on current strip pricing.
Two-Year Term Credit Agreement financing the deal terminated upon closing.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ovintiv Inc. completed an acquisition involving Paramount Resources Ltd. for CAD$3.325 billion in cash (closed 2025-01-31).

Action: acquisition
Counterparty: Paramount Resources Ltd.
Consideration: CAD$3.325 billion in cash
Closing: 2025-01-31

Exact text from the filing

On January 31, 2025, the OVV Buyer completed the Montney Acquisition. The OVV Buyer paid aggregate consideration of CAD$3.325 billion in cash, which was funded with a combination of cash on hand (including proceeds from short term borrowings and cash proceeds received pursuant to Ovintiv’s divestiture of certain oil and gas assets and related properties in Duchesne and Uinta Counties, Utah), plus the conveyance to the Seller of certain oil and gas assets of the OVV Buyer located in the Horn River basin area in British Columbia.

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-017791

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