Ovintiv Entered Into A Definitive Purchase Agreement To Acquire Certain Montney Assets From Paramount Resources In An All-cash Transaction Valued At Approximately $2.377B (C$3.325B).

Benzinga · Nov 14 19:15

Upon closing, the acquisition will add approximately 70 MBOE/d of production (approximately 25 Mbbls/d of oil and condensate), 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres (approximately 80% undeveloped), in the core of the oil-rich Alberta Montney. The assets are strategically located near the Company's current operations and have access to midstream infrastructure with available capacity

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Ovintiv Entered Into A Definitive Purchase Agreement To Acquire Certain Montney Assets From Paramount Resources In An All-cash Transaction Valued At Approximately $2.377B (C$3.325B).

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