Deal Insight
Ovintiv sells its Eagle Ford assets to Validus Energy for US$880 million
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 10 images and tables including:
- 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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