---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-062356"
form_type: "8-K"
ticker: "OVV"
cik: "0001792580"
company_name: "Ovintiv Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:13:30.120888+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ovintiv sells Oklahoma oil and gas assets for $3.0B cash to MidCon II BuyerCo

## Summary
- Purchase price $3.0B in cash; economic effective date January 1, 2026.
- Buyer deposits $200M into escrow; deposit applied to purchase price at closing.
- Transaction structured as sale of equity interests in a newly formed Target Company.
- Closing subject to HSR and other regulatory approvals; outside date May 11, 2026.
- If Buyer breaches, Seller can retain $200M deposit as liquidated damages.

## SEC filing metadata
- accession: 0001193125-26-062356
- form_type: 8-K
- ticker: OVV
- cik: 0001792580
- company_name: Ovintiv Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792580/000119312526062356/0001193125-26-062356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792580/000119312526062356/d124603d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-062356
- JSON: https://secwatch.observer/filing/0001193125-26-062356.json
- Plain text: https://secwatch.observer/filing/0001193125-26-062356.txt

## Key facts
- Material Agreements
  Ovintiv Inc. entered into Purchase and Sale Agreement with MidCon II BuyerCo, LLC valued at $3.0 billion (effective 2026-02-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: MidCon II BuyerCo, LLC
  - Value: $3.0 billion
  - Effective: 2026-02-17
  source text: On February 17, 2026, Ovintiv USA Inc. and Ovintiv Royalty Holdings LLC (together, the “Seller”), each a wholly-owned subsidiary of Ovintiv Inc. (“Ovintiv”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with MidCon II BuyerCo, LLC (the “Buyer”), pursuant to which Seller has agreed to sell certain of Ovintiv’s oil and gas assets located in Oklahoma (the “Assets”) to Buyer through Buyer’s acquisition of all the issued and outstanding equity interests (the “Target Company Securities”) of a newly formed Texas limited liability company (“Target Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792580/000119312526062356/0001193125-26-062356-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.