Uinta Basin

Ovintiv Casts Off Portions of Uinta, Bakken Portfolios, but Share Buybacks Accelerate

Ovintiv Casts Off Portions of Uinta, Bakken Portfolios, but Share Buybacks Accelerate

Ovintiv Inc. plans to sell portions of its Uinta Basin and Bakken Shale assets that could net an estimated $250 million as it continues the trend among Lower 48 exploration and production firms to return cash to shareholders. The Denver-based independent has agreements with two undisclosed buyers. Ovintiv could sell its “mature waterflood assets” in…

July 7, 2022