Ovintiv will retain the ownership of horizontal wellbores and development rights on the leases. (Source: Shutterstock)
Ovintiv Inc. is looking to sell some operated assets in the Permian Basin as rumors swirl on its next buy.
The Denver-based E&P has retained Eagle River Energy Advisors LLC to market a portion of its operated, oil-weighted legacy assets in Andrews and Martin counties, Texas.
The opportunity, for wellbore-only interests, includes 79 vertical wellbores—18 in Andrews County and 61 in Martin County, according to Eagle River’s marketing materials. The daily net production in July was 121 boe/d (99% oil).
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