One-Page Deal Sheet
Ovintiv Acquires NuVista Energy for $2.7B, Establishing Premier Montney Position
Ovintiv Inc Nuvista Energy Ltd.
Announced Date
November 04,2025
Close Date
February 03,2026
Transaction Type
Corporate
Location
Calculated Metrics( EV/Category)
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Ovintiv Inc. (NYSE/TSX: OVV) agreed to acquire NuVista Energy Ltd. (TSX: NVA) for $2.7 billion USD (approximately C$3.8 billion), payable in cash at closing, in a transaction that establishes a scaled Montney position in Alberta's core Pipestone and Wapiti operating areas. NuVista's 2024 full-year production averaged 83,084 Boe/d comprised of 30% condensate, 9% NGL, and 61% natural gas, across approximately 140,000 net acres (approximately 70% undeveloped) with 930 net drilling locations. NuVista's 2024 2P reserves of 779.7 MMBoe (GLJ Ltd., NI 51-101 compliant as of December 31, 2024) provide…
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