Ovintiv - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Ovintiv M&A Summary

Ovintiv has acquired 2 companies. 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%).

Ovintiv Business Overview

Where is Ovintiv headquartered?

Ovintiv is headquartered in Denver, Colorado.

What is Ovintiv’s revenue?

Ovintiv disclosed revenue of 12,464M USD for 2022 and 8,658M USD for 2021.

How many employees does Ovintiv have?

Ovintiv has 1,916 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 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

Ovintiv Inc.

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

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.


M&A Summary

Buy vs Sell

Year '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - 2
vol $12.6B
Sell (0.0/yr) # - - - - - 5
vol $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 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 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 2 (100%) 12.6B (100%) 1 (20%) -
Cross-border - - 4 (80%) 44M (100%)
Total 2 $12.6B 5 $44M

Top M&A Advisors

Financial Deals
TD Securities
 1
Tudor, Pickering, Holt & Co., LLC
 1
Barclays Investment Bank
 1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
 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%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

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

1,916

Established

2020

Public

Toronto (TSX): OVV

Former Name

Encana Corp.

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