LLOG Exploration Company LLC
02/17/2026 | Press release | Distributed by Public on 02/17/2026 17:37
Ovintiv Exits the Anadarko with $3B Sale to Reduce NuVista Deal Debt
ExpandOvintiv Inc. is a U.S. E&P based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana. (Ovintiv)
February 17, 2026 05:15 PM CST
Key Takeaways
- Ovintiv Inc. is selling its Anadarko Basin assets for $3 billion to an undisclosed buyer.
- The Anadarko divestiture follows the E&P's $2.7 billion acquisition of Calgary-based NuVista Energy Ltd. for Alberta Montney assets.
- The sale is expected to close in the second quarter of 2026.
Ovintiv Inc. is selling its Anadarko Basin assets for $3 billion to an undisclosed buyer, the Denver-based E&P said Feb. 17.
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