Ovintiv Inks $2.4bn to Add Core Oil-Rich Montney Assets

(Ovintiv, 14.Nov.2024) — Ovintiv Inc.entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd., in an all-cash transaction valued at approximately $2.377bn (C$3.325bn). 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 […]