FourPoint Resources, Quantum Capital Group and Kayne Anderson to Acquire Ovintiv Uinta Basin Assets for $2 Billion
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FourPoint Resources, Quantum Capital Group, and Kayne Anderson have agreed to acquire Ovintiv Inc.'s Uinta Basin assets for $2 billion. The assets include 126,000 net acres and production of 29 Mbbls/d.
November 14, 2024 | 1:15 pm
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Ovintiv Inc. is selling its Uinta Basin assets for $2 billion, which could impact its financials and strategic focus.
The sale of Uinta Basin assets for $2 billion will provide Ovintiv with significant cash, potentially improving its balance sheet and allowing for strategic reallocation of resources.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100