Ovintiv Inc. acquires Montney assets from Paramount Resources Ltd. for $2.377 billion
Type: Acquisition · Technology: Oil Gas · Country: Canada · Capacity: 70 MBOE/d · Value: CAD 2.38B · Announced: 2024-11-14
Ovintiv Inc. entered into a definitive purchase agreement to acquire approximately 109,000 net acres and about 70 MBOE/d of production in the core Alberta Montney from Paramount Resources Ltd. in an all-cash transaction valued at approximately $2.377 billion (C$3.325 billion), announced on 2024-11-14.
Counterparties
- Paramount Resources Ltd (Seller)
- Ovintiv Inc (Buyer)
- JPMorgan Chase Bank, N.A (Lender)
- Morgan Stanley Senior Funding, Inc (Lender)
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