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Ovintiv closes Midland basin acquisition for over $4 billion, completes Bakken asset sale for $825 million

In 2024, Ovintiv expects to deliver total company oil and condensate production of greater than 200 Mbpd with total capital investment of $2.1 billion to $2.5 billion.  The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbpd.

Ovintiv closes Midland basin acquisition for over $4 billion, completes Bakken asset sale for $825 million

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Ovintiv Announces Closing of Midland and Bakken Transactions & Inclusion in S&P 400 Index

Company Updates 2023 Guidance for Early Close DENVER, June 12, 2023 /PRNewswire/ - Ovintiv Inc. today closed the previously announced acquisition of core Midland Basin assets, adding. | June 12, 2023

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