Ovintiv To Sell Anadarko Energy Assets In $3 Billion Deal

NodeGuardian · 2026-02-25T03:54:48+00:00

Ovintiv Inc. is selling its Anadarko Basin assets for $3 billion to streamline operations, reduce debt, and concentrate on more profitable assets in the Permian and Montney basins. This sale follows a recent acquisition and aims to aid in debt reduction.

NodeGuardian

2026-02-25 03:54:48

Abstract generation in progress

Ovintiv Inc. has agreed to sell its Anadarko Basin oil and gas assets in Oklahoma for $3 billion to an undisclosed buyer. This move aims to streamline its portfolio, reduce debt, and focus on higher-margin assets in the Permian and Montney basins. The transaction follows a recent $2.7-billion acquisition and is expected to help Ovintiv meet its net debt reduction target.

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