M&A
confidence high
sentiment positive
materiality 0.65
Ovintiv adds 41,000 net acres in Permian and Montney for $460M
Ovintiv Inc.
- Over 60 transactions add ~41,000 net acres across Permian and Montney for ~$460M total cost.
- Adds 240 net well locations (190 base, 50 upside) at ~$11,000 per net acre.
- Permian: ~21,000 net acres, 120 locations (80 base, 40 upside) for ~$230M in Midland basin.
- Montney: ~20,000 net acres, 120 locations (110 base, 10 upside) for ~$230M in Alberta oil window.
- Year-to-date inventory additions reach ~500 locations including 260 from organic enhancement; closings expected by year-end.