Ovintiv to Sell Anadarko Assets for $3.0B

Ovintiv has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, for cash proceeds of $3.0 billion. The sale includes approximately 360 thousand net acres, representing substantially all of Ovintiv’s acreage in the play.

Ovintiv reported February month-to-date production of approximately 90 thousand barrels of oil equivalent per day, including about 27 thousand bpd of oil and condensate, 240 million cubic feet per day of natural gas, and 23 thousand bpd of NGLs. The transaction is expected to close early in Q2 2026 with an effective date of January 1, 2026, subject to customary closing conditions and adjustments.