Ovintiv Inc. is expanding its presence in Western Canada through a $2.7 billion (CA$3.8 billion) acquisition of NuVista Energy Ltd., adding 140,000 net acres and long-term condensate-rich inventory in the Alberta Montney.
The acquisition strengthens Ovintiv’s liquids-weighted portfolio with acreage contiguous to its existing position near Grande Prairie. The combined entity will control over 510,000 net acres, forming one of the largest, most contiguous development blocks in the Montney shale.
Under the agreement, consideration will be split evenly between cash and Ovintiv shares, with closing expected in Q1 2026. Ovintiv will fund part of the deal through proceeds from its planned divestiture of Anadarko Basin assets in Oklahoma.
Why It Matters
The acquisition underscores Ovintiv’s strategic refocus toward its highest-margin North American resource base, integrating production, infrastructure, and midstream access in a single basin.
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Resource depth – Adds 15–20 years of high-return Montney drilling inventory, 70% undeveloped.
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Infrastructure synergy – Combines over 1,500 miles of pipelines and 5 gas processing plants into a unified system.
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Production uplift – Montney oil and condensate output expected to reach 85,000 bbl/d in 2026.
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Capital reallocation – Funded in part by Anadarko divestiture; prioritizes balance sheet flexibility.
What the Map Shows
In Rextag Energy DataLink, the map visualizes the consolidation of two major Montney positions into one integrated system:
Acreages:
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Ovintiv holdings (yellow) — existing operational footprint.
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NuVista acreage (red) — acquired 140,000 net acres within Alberta’s condensate fairway.
Processing Plants: 5 total across Grande Prairie and Wapiti areas — red (Ovintiv), blue (NuVista).
Pipelines: 1,567 miles of operational gas lines connecting wells to midstream hubs and regional takeaway routes.
The map highlights how the merged assets create a continuous corridor of acreage, wells, and facilities, forming one of Canada’s most infrastructure-ready resource hubs.
A Deeper Dive with DataLink
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Filter Acreages to compare pre- and post-acquisition positions by operator.
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Overlay Natural Gas Pipelines to view connectivity between the Montney fairway and major export corridors.
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Add Processing Plants to assess midstream integration between Ovintiv and NuVista.
By visualizing these layers, Rextag users can explore how Ovintiv’s acquisition consolidates one of North America’s leading liquids-rich gas regions — a basin now positioned for scale, efficiency, and long-term output growth.
