HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 22.Jan.2025) — Ovintiv Inc. closed a previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC for $2bn.
“The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our portfolio and extending inventory runway in our core areas,” Ovintiv president and CEO Brendan McCracken said 22 Jan. 2025 in an official company statement.
Ovintiv’s previously announced acquisition of Alberta Montney assets from Paramount Resources Ltd. is expected to close before the end of the first-quarter 2025, the company said..
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By Ofelia Paredes reporting from Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
