Ovintiv Acquires NuVista in ~$2.8B Deal

Ovintiv completed its acquisition of NuVista Energy Ltd. under an Arrangement Agreement dated November 4, 2025. The transaction was valued at approximately $2.8 billion in a cash and share structure.

The deal added about 930 net drilling 10,000-foot equivalent well locations and roughly 140,000 net acres in the condensate-rich Montney play near Grande Prairie, Alberta, adjacent to Ovintiv’s existing Montney operations. Ovintiv also closed a previously announced sale of its Anadarko assets on April 9, 2026 for approximately $2.9 billion after preliminary closing adjustments.

The pro forma information is preliminary and subject to revision based on acquisition-date fair values and other studies still underway.