Acquisition History / Ovintiv Inc. / NuVista Energy Ltd.
Ovintiv Inc. Acquires NuVista Energy Ltd.
Announced February 3, 2026 — $1.97B
What happened
NuVista Energy is a Calgary-based Montney oil and condensate producer with about 140,000 net acres in the core of the Alberta Montney. Ovintiv completed the acquisition of all NuVista shares in a cash-and-stock deal valued at C$2.7B, with shareholders able to elect C$18.00 cash per share or Ovintiv stock, adding roughly 930 net well locations.
- Acquirer
- Ovintiv Inc.
- Target
- NuVista Energy Ltd.
- Announced
- February 3, 2026
- Price
- $1.97B
- Industry
- Oil and gas exploration and production
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Ovintiv Inc. acquire NuVista Energy Ltd.?
Ovintiv Inc. acquired NuVista Energy Ltd. on February 3, 2026. This was Ovintiv Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Ovintiv Inc. pay for NuVista Energy Ltd.?
Ovintiv Inc. paid $1.97B for NuVista Energy Ltd..
What does NuVista Energy Ltd. do?
NuVista Energy is a Calgary-based Montney oil and condensate producer with about 140,000 net acres in the core of the Alberta Montney. Ovintiv completed the acquisition of all NuVista shares in a cash-and-stock deal valued at C$2.7B, with shareholders able to elect C$18.00 cash per share or Ovintiv stock, adding roughly 930 net well locations.
What other Oil and gas exploration and production companies has Ovintiv Inc. acquired?
NuVista Energy Ltd. is Ovintiv Inc.'s only publicly tracked acquisition in Oil and gas exploration and production so far.
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