Ovintiv has closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources for approx. $2 billion.
'The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our portfolio and extending inventory runway in our core areas,' said Ovintiv President and CEO, Brendan McCracken.
?Ovintiv's previously announced acquisition of Alberta Montney assets from Paramount Resources is expected to close before the end of the first quarter.
Source: Ovintiv
