Ovintiv Exits Anadarko with $3B Sale of Assets

Denver-based Ovintiv announced late Tuesday (Feb. 17) that it has agreed to sell its Anadarko assets to an undisclosed buyer for $3 billion.

The sale includes 360,000 acres, substantially Ovintiv’s entire presence in the Oklahoma basin, is currently accounting for 90,000 barrels of oil equivalent per day. That includes 27,000 of oil and condensate, 240 million cubic feet of natural gas and 23,000 bb/d of natural gas liquids.