Ovintiv Inc. (OVV): M&A transaction — Ovintiv closes $2.7B acquisition of NuVista Energy; adds Montney assets, expects $100M annual synergies

Ovintiv Inc.

Closed acquisition of NuVista for total consideration ~$2.7B, comprising C$1.57B cash and ~30.1M Ovintiv shares.
Acquired Alberta Montney assets: ~930 net well locations, ~140K net acres, expected production ~100 MBOE/d (25 Mbbls/d oil & condensate).
Expects ~$100M annual cost synergies and ~$1M per well cost savings; CEO highlights portfolio high-grading with planned Anadarko divestiture.
Repaid NuVista's debt: C$219M credit facility and C$166M 7.875% senior notes due 2026; equity awards settled for C$72M.
NuVista shares to be delisted from TSX; Ovintiv plans full 2026 guidance on Feb 23, 2026 with Q4 2025 results.

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 NuVista Energy Ltd. for aggregate consideration of C$1.57 billion in cash and 30,076,903 shares of Ovintiv Common Stock (closed 2026-02-03).

Action: acquisition
Counterparty: NuVista Energy Ltd.
Consideration: aggregate consideration of C$1.57 billion in cash and 30,076,903 shares of Ovintiv Common Stock
Closing: 2026-02-03

Exact text from the filing

set forth in the Arrangement Agreement. After giving effect to the elections made by NuVista shareholders and closing adjustments, Ovintiv paid aggregate consideration of C$1.57 billion in cash and 30,076,903 shares of Ovintiv Common Stock. The cash consideration was funded by borrowings under Ovintiv Canada’s previously announced Two-Year Term Credit Agreement,

View on SEC.gov

Browse all m&a transactions →

Ovintiv Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-034504

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.