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OVVBullishIndustry Newsnews

High materiality7/10

Ovintiv expands Permian and Montney inventory with 60+ deals in 2026

Aug 26, 2026, 7:03 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Significant inventory expansions reduce future reserve replacement risk and may support higher long-run production and cash flow; execution risk centers on closing timing and commodity prices, but scale suggests tangible upside if deals close as planned.

AI summary

What happened, with direct paths to the underlying reporting

Ovintiv announced over 60 ground-game acquisitions in 2026, adding about 41,000 net acres across the Montney and Permian for roughly $460 million. The Permian adds 21,000 net acres and 120 wells in Midland for $230 million; Montney adds 20,000 net acres and 120 wells in Alberta for $230 million. Remaining deals are expected to close by year-end, boosting OVV's total inventory to about 500 net 10,000-foot locations YTD.

Year-to-date: 60+ deals add 41,000 net acres for $460M.
Permian adds 21,000 net acres; 120 wells in Midland for $230M.
Montney adds 20,000 net acres; 120 wells in Alberta for $230M.
Total ~500 net 10k-ft well locations YTD; 260 organic inventory.

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