Ovintiv agrees to acquire Logan Energy for USD 890 million including debt

• Ovintiv agreed to acquire all outstanding shares of Logan Energy for CAD 1.40 per share in cash.
• The transaction values Logan at approximately USD 890 million (CAD 1.26 billion), including expected net debt at closing.
• The acquisition adds approximately 266,000 net acres in the Montney oil window, producing about 20,000 barrels of oil equivalent daily.
• Annual cost synergies are expected to reach approximately USD 60 million; the acquired drilling inventory includes about 420 net oil well locations.
• Closing is expected early in the first quarter of 2027, subject to Logan shareholder, court and regulatory approvals and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ovintiv Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610260645PR_NEWS_USPR_____CA80512) on October 26, 2026, and is solely responsible for the information contained therein.