01—Abstract
Summary
Summary of the 8-K filed August 27, 2026. Cited figures are marked; the original filing is the authoritative source.
Ovintiv Inc. (NYSE, TSX: OVV) furnished a news release dated August 26, 2026, under Item 7.01 (Regulation FD Disclosure) providing an update on its 2026 ground game acquisition program.
Year to date, the Company has entered into over 60 transactions that will add approximately 41,000 net acres across its Montney and Permian assets, for a total acquisition cost of approximately $460 milliona. The transactions are expected to add 240 net 10,000-foot equivalent well locations to the drilling inventory, consisting of 190 base locations and 50 upside locations. The filing states the assets are being acquired at an attractive valuation of approximately $11,000 per net acre and approximately $1.3 million to $1.7 million per well location, adjusted for minimal production volumes.
Following these transactions, the Company says it will have added approximately 500 net 10,000-foot equivalent well locations year to date, including 260 locations from organic inventory enhancement. Ovintiv expects the remaining transactions to close before the end of 2026. The information is furnished rather than filed for purposes of Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Over 60 year-to-date transactions will add approximately 41,000 net acres across Montney and Permian assets.
- Total acquisition cost of approximately $460 million for the year-to-date program.
- Transactions add 240 net 10,000-foot equivalent well locations (190 base, 50 upside), at about $11,000 per net acre.
- Permian (Midland basin): approximately 21,000 net acres and 120 total well locations (80 base, 40 upside) for about $230 million.
- Montney (liquids-rich Alberta oil window): approximately 20,000 net acres and 120 total well locations (110 base, 10 upside) for about $230 million.
- Including 260 locations from organic inventory enhancement, the Company will have added approximately 500 net 10,000-foot equivalent well locations year to date.
- Remaining transactions are expected to close before the end of 2026.
03—Questions
Frequently Asked Questions
How much is Ovintiv spending on the 2026 ground game acquisition program?
The year-to-date transactions carry a total acquisition cost of approximately $460 million, with about $230 million allocated to the Permian and about $230 million to the Montney.
What inventory does the acquisition program add?
The transactions add 240 net 10,000-foot equivalent well locations, comprising 190 base locations and 50 upside locations. Including 260 locations from organic inventory enhancement, the Company states it will have added approximately 500 net well locations year to date.
What valuation metrics does Ovintiv cite for these acquisitions?
The company describes the assets as being acquired at an attractive valuation of approximately $11,000 per net acre and approximately $1.3 million to $1.7 million per well location, adjusted for minimal production volumes.
Where are the acquired assets located?
The Permian acquisitions are in the Midland basin, and the Montney acquisitions are in the liquids-rich Alberta oil window.
When are the remaining transactions expected to close?
Ovintiv expects the remaining transactions to close before the end of 2026.
04—Continue