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M&A Deal Summary

Ovintiv Acquires NuVista Energy

On November 4, 2025, Ovintiv acquired oil/gas exploration company NuVista Energy for 2.7B USD

Acquisition Highlights
  • This is Ovintiv’s 6th transaction in the Oil/Gas Exploration sector.
  • This is Ovintiv’s 3rd largest (disclosed) transaction.
  • This is Ovintiv’s 1st transaction in Canada.
  • This is Ovintiv’s 1st transaction in Alberta.

M&A Deal Summary
Date 2025-11-04
Target NuVista Energy
Sector Oil/Gas Exploration
Buyer(s) Ovintiv
Deal Type Add-on Acquisition
Deal Value 2.7B USD

Target

NuVista Energy

Calgary, Alberta, Canada
NuVista Energy is an independent oil and natural gas company engaged in the exploration for, and the development, production and acquisition of oil and natural gas reserves in the province of Alberta. NuVista Energy was founded in 2003 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Ovintiv

Denver, Colorado, United States
Category Company
Founded 2020
Sector Oil/Gas Exploration
Employees1,743
Revenue 9.2B USD (2024)
DESCRIPTION

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

DEAL STATS #
Overall 6 of 6
Sector: Oil/Gas Exploration M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Ovintiv - Uinta Basin assets

United States

Ovintiv's Uinta Basin assets is a provider of an oil and gas exploration services across 126,000 net acres and production of 29 Mbbls/d.

Sell $2.0B
Mergr

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