Ovintiv Completes Acquisition of NuVista Energy for $2.7 Billion
February 3, 2026
Ovintiv completed its acquisition of all common shares of NuVista Energy Ltd. in a cash-and-stock transaction valued at about $2.7 billion. The deal adds roughly 140,000 net acres and about 930 net 10,000-foot equivalent well locations in the oil-rich Alberta Montney, with expected 2026 production averaging about 100 MBOE/d.
- Buyers
- Ovintiv Inc., Ovintiv Canada ULC
- Targets
- NuVista Energy Ltd.
- Industry
- Energy
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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