Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS OF OVINTIV INC. On June 12, 2023, Ovintiv Inc. completed the acquisition to purchase the outstanding.
Oil and gas deals are
chipping away at drilling budgets in North Dakota, the
third-largest U.S. oil producing state, and likely will erode
future production, a state official said on Friday. .
Earthstone Energy is growing its position in the northern Delaware Basin with a deal to acquire EnCap-backed E&P Novo Oil & Gas with Northern Oil & Gas also buying a third of Novo's working interests for an additional $500 million.