Ovintiv has agreed to sell substantially all of its Anadarko Basin assets in Oklahoma for $3.0 billion in cash, the company announced Tuesday, completing a dramatic portfolio reshuffling that positions the E&P as a focused two-basin operator with exposure to North America’s highest-return oil plays.
Ovintiv Inc. has completed the divestment of substantially all its assets in the onshore Uinta Basin in Utah to FourPoint Resources LLC for about $2 billion in cash.