Ovintiv Adds Permian and Montney Acreage
Ovintiv Inc. has acquired approximately 41,000 net acres in the Permian and Montney regions through over 60 transactions year-to-date in 2026. These additions support the company's long-term production strategy.
Ovintiv Inc. has expanded its land holdings significantly in the key Permian and Montney oil and gas regions in the United States and Canada. In 2026, the company has entered into over 60 transactions, adding approximately 41,000 net acres to its portfolio.
The acquisitions are primarily focused on the Permian Basin, spanning Texas and New Mexico, and the Montney area in British Columbia, Canada. These regions are recognized for their substantial hydrocarbon resources, providing Ovintiv with strategic advantages for future growth.
According to the company, these new land parcels will substantially enhance its ability to secure long-term production reserves and optimize its drilling programs. The objective is to ensure cost-effective and sustainable production increases in the coming years.
Ovintiv has previously outlined a strategy focused on operational efficiency and concentrating on its most profitable production areas. The recent land acquisitions align with this strategy, reinforcing the company's position in the North American energy sector.