Ovintiv To Sell Anadarko Energy Assets In $3 Billion Deal

Canada-based energy firm, Ovintiv Inc. (NYSE: OVV), has entered into a definitive agreement to sell its Oil & Gas assets in the Anadarko Basin in Oklahoma to an undisclosed buyer for $3 billion in cash. The assets include ~360,000 net acres, representing nearly all of the company's holdings in the Anadarko region. Ovintiv currently produces roughly 90,000 barrels of oil equivalent per day (boepd) from these assets, consisting of 27,000 bbl/d of oil and condensate, 240 MMcf/d of natural gas and 23,000 bb ...