Ovintiv has previously expanded its Montney and Permian assets through a series of transactions, adding 41,000 net acres at an attractive valuation. The current acquisition is part of a broader strategy to strengthen its drilling inventory and long-term growth options. The company remains committed to its shareholder return targets, with plans to distribute at least 60% of its 2026 non-GAAP free cash flow through dividends and share buybacks. Looking beyond 2026, the target range for shareholder returns remains between 50% and 100%. This acquisition underscores Ovintiv's continued focus on strategic growth in key oil and gas regions.
October 27, 2026
Ovintiv Acquires Logan Energy for $890M
Ovintiv Inc has agreed to acquire Logan Energy Corp for $890 million, expanding its Montney Formation assets.
Impact
The acquisition is expected to enhance Ovintiv's operational scale and growth potential in the Montney Formation, boosting its long-term value proposition.