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Ovintiv expands Montney shale operations with $2.7 billion acquisition of NuVista Energy.
ByAinvest
Tuesday, Nov 4, 2025 5:51 pm ET1min read
Ovintiv has acquired NuVista Energy for $2.7 billion, expanding its presence in the Montney shale. NuVista's core assets are in the Western Canadian Sedimentary Basin, focusing on the condensate-rich Montney formation. Ovintiv now has a significant presence in the Wapiti and Pipestone areas, with non-core operations in three additional Alberta areas. The acquisition enhances Ovintiv's oil and natural gas production and reserves in the region.
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