Ovintiv buys 41,000 net acres in Permian, Montney for USD 460 million

Reuters2026/08/26 23:00

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Ovintiv entered more than 60 deals to add about 41,000 net acres in the Permian, Montney for about USD 460 million.
Transactions add 240 net 10,000-foot equivalent drilling locations, including 190 base locations and 50 upside locations.
Permian package totals about 21,000 net acres in the Midland Basin for about USD 230 million.
Montney package totals about 20,000 net acres in Alberta’s liquids-rich oil window for about USD 230 million.
Closings expected before year-end; year-to-date inventory additions projected at about 500 net locations including 260 from organic enhancements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ovintiv Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608261900PR_NEWS_USPR_____CA34687) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ovintiv buys 41,000 net acres in Permian, Montney for USD 460 million

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