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$4.275 Billion Acquisition – Ovintiv to Acquire Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources WTX

$4.275 Billion Acquisition – Ovintiv to Acquire Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources WTX

by Efrain Garcia | Apr 5, 2023 | Upstream News

Acquiring approximately 65,000 net acres of largely undeveloped resource in Martin and Andrews Counties, highly complementary with Ovintiv’s existing Permian Basin position Valued at approximately 2.8 times next twelve months (“NTM”) Adjusted EBITDA...

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