Ovintiv Inc. has entered into an Arrangement Agreement to acquire NuVista Energy Ltd.
The transaction involves a stock-and-cash deal subject to specified closing conditions.
Reserves data and information about NuVista were sourced from NuVista Energy Ltd.
Reserves Classification
Reserves classified into proved, probable, and possible categories with distinct certainty levels.
Ovintiv's Reserves Estimates
Prepared in accordance with US GAAP and exempt from certain Canadian regulatory requirements.
- The acquisition of NuVista will enhance Ovintiv's portfolio and potentially increase its reserves.
- Ovintiv's compliance with US SEC regulations exempts it from certain Canadian standards.
The agreement between Ovintiv Inc. and NuVista Energy Ltd. signifies a strategic move that could lead to significant value creation and operational synergy.