M&A Deal Summary

Ovintiv Acquires Athlon Energy

On September 30, 2014, Ovintiv acquired oil/gas exploration company Athlon Energy for 7.1B USD

Acquisition Highlights
  • This is Ovintiv’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ovintiv’s largest (disclosed) transaction.
  • This is Ovintiv’s 1st transaction in the United States.
  • This is Ovintiv’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-09-30
Target Athlon Energy
Sector Oil/Gas Exploration
Buyer(s) Ovintiv
Deal Type Add-on Acquisition
Deal Value 7.1B USD
Advisor(s) Evercore Group
Goldman Sachs (Financial)
Latham & Watkins (Legal)

Target

Athlon Energy

Forth Worth, Texas, United States
website
Athlon Energy is an oil exploration and production company focused on the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin.

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Buyer(S) 1

Buyer

Ovintiv

Denver, Colorado, United States

website

Category Company
Founded 2020
Sector Oil/Gas Exploration
Employees1,916
Revenue 12.5B USD (2022)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 Pacific Trail Pipelines

Vancouver, British Columbia, Canada

Pacific Trail Pipelines Limited Partnership develops and operates natural gas transmission pipelines in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Encana - San Juan Basin Assets

Calgary, Alberta, Canada

Encana Corp. - San Juan Basin Assets is a provider of an oil and gas exploration services across 182,000 net acres.

Sell -
Mergr

Product

Company

Legal