XLE & Oil

Ovintiv expands Montney oil position with $890 million Logan Energy acquisition

Oil & Gas 360·Oct 26, 2026 · 3:34 PM CT
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Readthrough summary

Ovintiv agreed to buy Canadian producer Logan Energy for about $890 million (C$1.26 billion) in cash, including net debt, expanding its position in the Montney formation. The deal adds about 266,000 net acres and 20,000 barrels of oil equivalent per day and is expected to close early in the first quarter of 2027.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Oil & Gas 360.

Read the original at Oil & Gas 360

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