What assets is Ovintiv selling?

Ovintiv is selling its Anadarko assets in Oklahoma.

How much did Ovintiv sell its Oklahoma assets for?

Ovintiv sold its Oklahoma Anadarko assets for $3 billion.

Where will Ovintiv focus its attention after the sale?

Ovintiv will sharpen its focus on higher-margin plays in the Permian Basin and Canada's Montney region.

Home / Business and Economy / $3 Billion Oklahoma Sale Boosts Ovintiv Focus

$3 Billion Oklahoma Sale Boosts Ovintiv Focus

18 Feb

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Summary

Ovintiv has agreed to sell its Oklahoma Anadarko assets.
The sale is valued at $3 billion to an undisclosed buyer.
Focus will shift to Permian Basin and Canadian Montney plays.

$3 Billion Oklahoma Sale Boosts Ovintiv Focus

Ovintiv announced on Tuesday its agreement to sell its Anadarko assets located in Oklahoma. The deal, valued at $3 billion, is with an undisclosed buyer. This significant divestment is part of Ovintiv's strategic initiative to redirect its resources and attention.

The company is sharpening its focus on plays that offer higher profit margins. Specifically, Ovintiv aims to enhance its operations in the Permian Basin and Canada's Montney region. These areas are identified as key growth opportunities for the energy firm.

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