Ovintiv is selling substantially all of its Greater Anadarko Basin position for $3B, including about 360,000 net acres in Oklahoma. The assets are producing about 90,000 boe/d month-to-date in February, including roughly 27,000 bbl/d of oil and condensate, 240 MMcf/d of natural gas, and 23,000 bbl/d of NGLs.
The divestiture follows Ovintiv’s NuVista acquisition in the Alberta Montney and aligns with its stated plan to reduce debt from that deal by monetizing the Anadarko position. The Anadarko sale is expected to close in Q2 2026 and has an effective date of Jan. 1.
Why it matters
Portfolio focus becomes the point: Anadarko exit reinforces a Permian + Montney core.
Scale is real: 360,000 net acres and ~90,000 boe/d is a meaningful package.
Gas and NGL exposure is material: ~240 MMcf/d gas and ~23,000 bbl/d NGLs shape buyer fit.
Midstream context drives value: connectivity and processing optionality matter beyond acreage.
What the map shows
A clean Greater Anadarko view of what’s being sold and how it ties into major gas infrastructure, without the “spaghetti” effect.
Ovintiv acreage (Owner = Ovintiv, Basin = Greater Anadarko)
Greater Anadarko basin outline for geographic context
Operational gas transmission pipelines filtered to reduce clutter:
-
Type = Transmission
-
Status = Operational
-
Diameter >= 24"
-
Operators shown: NGPL, Panhandle Eastern, Northern Natural, Southern Star
-
Operational gas processing plants to show conditioning points supporting takeaway
A deeper dive with DataLink
Using Rextag Energy DataLink, users can:
- Validate the 360,000 net acre footprint in Oklahoma and its core concentration
- Toggle trunklines and processing plants to assess takeaway and optionality
- Add wells and production layers to benchmark asset quality and development density
- Export internal-ready map views for screening, valuation discussion, or buyer-fit analysis
Want to see how Rextag’s Energy DataLink works for your team? Click Free Trial to get started, and one of our specialists will walk you through key datasets and workflows.
After years of regulatory challenges and canceled projects, pipeline exp...
Sixth Street’s reported acquisition of Logos Energy for approximately $1...
