Ovintiv Inc. is streamlining its operations with a deal to buy assets in Alberta’s Montney region while off-loading its holdings in Utah.
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“The Montney is the second largest undeveloped oil resource in North America, and with this acquisition, we have solidified our position as the premier operator in the play,” said Ovintiv chief executive Brendan McCracken in a statement. Ovintiv said the new assets are strategically located near its current operations and have access to midstream infrastructure with available capacity.
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