Deals
Ovintiv Explores Sale of Oil Operations in Uinta Basin
- Uinta assets could be valued at as much as $2 billion in sale
- Value of oil and gas deals has roughly doubled this year
Selling its Utah assets would free up Ovintiv to focus on the Permian Basin.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Ovintiv Inc. is considering a possible sale of its operations in the Uinta Basin, which could fetch as much as $2 billion, people with knowledge of the matter said.
Denver-based Ovintiv is working with an adviser to gauge buyer interest in the asset, the people said, asking not to be identified discussing confidential information.