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Ovintiv To Sell Anadarko Energy Assets In $3 Billion Deal
Market Intelligence Analysis
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Why This Matters
Ovintiv Inc. has agreed to sell its Anadarko Basin assets in Oklahoma to an undisclosed buyer for $3 billion, marking a significant divestment in the company's oil and gas operations.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Canada-based energy firm, Ovintiv Inc. (NYSE: OVV), has entered into a definitive agreement to sell its Oil & Gas assets in the Anadarko Basin in Oklahoma to an undisclosed buyer for $3 billion in cash. The assets include ~360,000 net acres, representing nearly all of the company's holdings in the Anadarko region. Ovintiv currently produces roughly 90,000 barrels of oil equivalent per day (boepd) from these assets, consisting of 27,000 bbl/d of oil and condensate, 240 MMcf/d of natural gas and 23,000 bbl/d of natural gas liquids. The…
Original article published by
OilPrice.com
on February 18, 2026.
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Analysis and insights provided by AnalystMarkets AI.