Ovintiv - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Ovintiv M&A Summary

Ovintiv has acquired 2 companies. It has also divested 6 assets.

Ovintiv’s largest acquisition to date was in 2014, when it acquired Athlon Energy for $7.1B. It’s largest disclosed sale occurred in 2024, when it sold Ovintiv - Uinta Basin assets to Quantum Energy Partners for $2.0B. Ovintiv has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Ovintiv Business Overview

Where is Ovintiv headquartered?

Ovintiv is headquartered in Denver, Colorado.

What is Ovintiv’s revenue?

Ovintiv disclosed revenue of 10,883M USD for 2023 and 12,464M USD for 2022.

How many employees does Ovintiv have?

Ovintiv has 1,743 employees.

What sector is Ovintiv in?

Ovintiv is an oil/gas exploration company.

When was Ovintiv founded?

Ovintiv was founded in 2020.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity2
    • M&A Sell Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 6

Ovintiv

Ovintiv, Inc.

370 17th Street, Suite 1700,
Denver, Colorado 80202
United States,
(303) 623-2300
www.ovintiv.com

Ovintiv is an oil and gas exploration company. It is involved in the production and marketing of oil and natural gas. Ovintiv was founded in 2020 and is based in Denver, Colorado.


M&A Summary

Buy vs Sell

Year '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - 2
vol $12.6B
Sell (0.2/yr) # - - - - 1 6
vol $2.0B $2.0B
  8

Most Recent M&A

Company Date Value Type
Ovintiv - Uinta Basin assets 2024-11-14 2.0B USD Divestiture
, United States
Newfield Exploration Co. 2018-11-01 5.5B USD Add-on Acquisition
The Woodlands, Texas · www.newfield.com
Encana Corp. - San Juan Basin Assets 2018-10-01 - Divestiture
Calgary, Alberta
Athlon Energy, Inc. 2014-09-30 7.1B USD Add-on Acquisition
Forth Worth, Texas · www.athlonenergy.com
Pacific Trail Pipelines Ltd. 2012-12-24 - Stake Sale
Vancouver, British Columbia
Carrot Creek Assets 2011-12-09 44M CAD Divestiture
, Alberta
Cenovus Energy, Inc. 2009-11-30 - Spin Off
Calgary, Alberta · www.cenovus.com
Niska Gas Storage Partners LLC 2006-05-11 - Divestiture
Radnor, Pennsylvania · www.niskapartners.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas (USA), Inc. - Water Infrastructure Assets 2017-06-15 4
Denver, Colorado Denver, Colorado
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas - Howard County, Texas 2016-05-16 3
Denver, Colorado Howard County, Texas
Encana Oil & Gas (USA), Inc.    - DJ Basin Oil & Gas - Assets 2015-10-09 2
Denver, Colorado , Colorado
Encana Oil & Gas (USA), Inc.    - Piceance Creek Pipeline, LLC 2007-01-09 1
Denver, Colorado , United States

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 12.6B (100%) 6 (100%) 2.0B (100%)
Total 2 $12.6B 6 $2.0B

By Geo

State/Country Buy Value Sell Value
Canada - - 4 44M
  Alberta - - 3 44M
  British Columbia - - 1 -
United States 2 12.6B 2 2.0B
  Texas 2 12.6B - -
  Pennsylvania - - 1 -
Domestic 2 (100%) 12.6B (100%) 2 (33%) 2.0B (98%)
Cross-border - - 4 (67%) 44M (2%)
Total 2 $12.6B 6 $2.0B

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
 1
Barclays Investment Bank
 1
Credit Suisse Investment Banking
 1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
 2
Blake, Cassels & Graydon
 1

Deal Values

buy # Total
> $1B 2 $12.6B
TOTAL $12.6B
Largest Athlon Energy, Inc.
$7.1B (2014-09-30)
sell # Total
> $1B 1 $2.0B
< $100M 1 $44M
TOTAL $2.0B
Largest Ovintiv - Uinta Basin assets
$2.0B (2024-11-14)

M&A Connections

Deals
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

10,883   13% 2023
12,464   44% 2022
8,658   43% 2021
6,087   10% 2020
6,726   14% 2019
5,939   34% 2018
4,443   53% 2017
2,918   35% 2016
4,422   45% 2015
8,019   2014
(millions of USD) Show More Show Less

Employees

1,743

Established

2020

Public

Toronto (TSX): OVV

Former Name

Encana Corp.

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