Ovintiv completes $2.7 billion NuVista Energy acquisition, adding 930 well locations.

Ovintiv has completed its acquisition of NuVista Energy in a $2.7 billion cash and stock deal. The acquisition adds 930 net 10,000-foot equivalent well locations and 140,000 net acres, mostly undeveloped, in Alberta's oil-rich Montney area. Ovintiv expects the acquired assets to produce approximately 100 MBOE/d in 2026, with 25 Mbbls/d of oil and condensate. The assets are adjacent to Ovintiv's current operations.