Business
Ovintiv Announces Closing of Anadarko Asset Sale
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion.
About this update from Ovintiv Inc. (de)
[{"type":"text","content":"DENVER, April 9, 2026 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion.","length":340,"tagName":"p"},{"type":"image","alt":"Ovintiv Announces Closing of Anadarko Asset Sale (CNW Group/Ovintiv Inc.)","displaySize":"","headline":null,"caption":"Ovintiv Announces Closing of Anadarko Asset Sale (CNW Group/Ovintiv Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":155,"height":200,"url":"https://media.zenfs.com/en/cnwgroup.com/e0627eccde80110238d653d1b0632069"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nnpMsYRgTUrLSq7i.pG9Tw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTI3MQ--/https://media.zenfs.com/en/cnwgroup.com/e0627eccde80110238d653d1b0632069","width":155,"height":200}},"href":"https://mma.prnewswire.com/media/2953224/Ovintiv_Inc__Ovintiv_Announces_Closing_of_Anadarko_Asset_Sale.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""The Anadarko sale completes the transformation of our portfolio and our balance sheet," said Ovintiv President and CEO, Brendan McCracken. "Proceeds from the sale will go to debt reduction, marking the achievement of our debt target and unlocking returns for our shareholders."","length":298,"tagName":"p"},{"type":"text","content":"In addition, the Company today announced that it has issued a notice to the trustee of its 5.650% notes due 2028 to redeem the entire $700 million aggregate principal amount. The outstanding 2028 notes will be redeemed, pursuant to their terms and conditions, on April 20, 2026.","length":278,"tagName":"p"},{"type":"text","content":"Important informationOvintiv reports in U.S. dollars unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.","length":327,"tagName":"p"},{"type":"text","content":"Please visit Ovintiv's website and the Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often d...