Ovintiv Enters Into A Definitive Agreement To Sell Its Anadarko Assets, Located In Oklahoma, To An Undisclosed Buyer, For Cash Proceeds Of $3.0B

Ovintiv Inc +1.24%

Ovintiv Inc

OVV

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has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion.

 

The sale includes approximately 360 thousand net acres, which represents substantially all of the company's acreage in the play. Month to date production in February is approximately 90 thousand barrels of oil equivalent per day including approximately 27 thousand barrels per day of oil and condensate, approximately 240 million cubic feet per day of natural gas and approximately 23 thousand barrels per day of natural gas liquids ("NGLs").

"This transaction marks a significant milestone by f