Deal Insight
Ovintiv sells its Eagle Ford assets to Validus Energy for US$880 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Ovintiv agreed to sell its Eagle Ford assets to Validus Energy, backed by Pontem Energy Capital, for US$880 million. The transaction includes 42,000 net acres with 495 net producing wells and 21 kboe/d of flowing production in Karnes County. Ovintiv's more concentrated portfolio and priority focus on lowering debt drove the sale. Ovintiv targeted US$1.0 billion in asset disposals to support a multi-year debt reduction goal. The Eagle Ford sale coupled with the previously announced Duvernay sale exceed targeted proceeds in a short time frame.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Executive summary: Image 1
- Executive summary: Image 2
- Ovintiv Eagle Ford leases
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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