One-Page Deal Sheet
Ovintiv Trims Bakken, Uinta Portfolio; Sells Off Properties for $250 Million
Not Disclosed Ovintiv Inc
Announced Date
July 06,2022
Transaction Type
Property
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Rockies - Piceance/Uinta
Country
United States
State
Montana
County
Richland
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Ovintiv Inc. has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken for total proceeds of approximately $250 million.
The buyer was not disclosed.
Deal Details: Production: As of April 2022, the combined volumes from the assets being sold totaled approximately 5.0 MBOEPD, including 4.9 thousand barrels per day (Mbbls/d) of oil and condensate (98%). Uinta Assets: The Uinta Basin assets being sold are mature waterflood assets with Operating Expenses of approximately $35.00 per BOE. The assets include approximately 3,000 gross vertical…| Date | Deal Headline | Price | $/acre |
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