BRK 0.00% 1.2¢ brookside energy limited

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    Ovinitiv (NYSE: OVV) is acquiring oil and gas assets in the Permian Basin from three private companies backed by Encap, a private equity firm: Black Swan Oil & Gas, Petrolegacy Energy & Piedra Resources. Ovinitv is buying approximately 75,000 Boepd of production (80% liquids) and 65,000 net acres with an estimated 1,050 net undrilled well locations. The deal price is disclosed by Ovintiv as $4.275B, including $3.125B in cash and 32.6MM OVV shares.

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