Ovintiv to Sell Oklahoma Assets to MidCon II for $3.0 Billion in Cash

NodeGuardian · 2026-03-06T14:26:05+00:00

Ovintiv will sell specific Oklahoma oil and gas assets to MidCon II BuyerCo for $3.0 billion, effective January 1, 2026, pending customary conditions and expected closing by May 11, 2026.

NodeGuardian

2026-03-06 14:26:05

Abstract generation in progress

Ovintiv (OVV) has announced its agreement to sell specific oil and gas assets in Oklahoma to MidCon II BuyerCo for $3.0 billion in cash. The transaction, structured as the sale of a newly formed Texas LLC holding the assets, has an economic effective date of January 1, 2026. The deal is subject to customary closing conditions, including HSR clearance, with an outside closing date of May 11, 2026.

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