Ovintiv Mergers and Acquisitions Summary

Oil/gas Exploration Company

Ovintiv has acquired 2 companies, including 1 in the last 5 years. It has also divested 5 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 2011, when it sold Carrot Creek Assets to Direct Energy for $44M. Ovintiv has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to Ovintiv’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity2
    • M&A Sell Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 6

Ovintiv Inc.

370 17th Street Suite 1700,
Denver, Alberta 80202
Canada,
(303) 623-2300
www.ovintiv.com

Ovintiv Inc. 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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 1 - 1 - - - 2
vol $7.1B $5.5B $12.6B
Sell (0.2/yr) # 4 - 1 - - - 5
vol $44M $44M
  7

Most Recent M&A

Company Date Value Type
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 Purchase
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 5
Denver, Colorado Denver, Colorado
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas - Howard County, Texas 2016-05-16 4
Denver, Colorado Howard County, Texas
Encana Oil & Gas (USA), Inc.    - DJ Basin Oil & Gas - Assets 2015-10-09 3
Denver, Colorado , Colorado
Encana Oil & Gas (USA), Inc.    - Encana Oil & Gas - Moneta Divide Assets 2015-05-01 2
Denver, Colorado Wind River Basin, Wyoming
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%) 5 (100%) 44M (100%)
Total 2 $12.6B 5 $44M

By Geo

State/Country Buy Value Sell Value
Canada - - 4 44M
  Alberta - - 3 44M
  British Columbia - - 1 -
United States 2 12.6B 1 -
  Texas 2 12.6B - -
  Pennsylvania - - 1 -
Domestic - - 4 (80%) 44M (100%)
Cross-border 2 (100%) 12.6B (100%) 1 (20%) -
Total 2 $12.6B 5 $44M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Credit Suisse Investment Banking
1
TD Securities
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison LLP
2
Blake, Cassels & Graydon LLP
1

Deal Values

buy # Total
> $1B 2 $12.6B
TOTAL $12.6B
Largest Athlon Energy, Inc.
$7.1B (2014-09-30)
sell # Total
< $100M 1 $44M
TOTAL $44M
Largest Carrot Creek Assets
$44M (2011-12-09)

M&A Connections

Deals
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
60%
3 (60%)

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