Ovintiv spends $460M adding 41,000 acres for drilling

Ovintiv Inc. (OVV) reported progress on its 2026 "ground game" acquisition program, focused on adding drilling inventory in the Permian and Montney plays.

Rhea-AI Filing Summary

Ovintiv Inc. (OVV) reported progress on its 2026 "ground game" acquisition program, focused on adding drilling inventory in the Permian and Montney plays. Year-to-date, Ovintiv has entered into over 60 transactions that will add approximately 41,000 net acres across these assets for a total acquisition cost of about $460 million.

The deals add 240 net 10,000-foot equivalent well locations to the company’s drilling inventory, including 190 base locations and 50 upside locations. The assets are being acquired at about $11,000 per net acre and roughly $1.3 million to $1.7 million per well location, adjusted for minimal production volumes.

In the Permian’s Midland Basin, Ovintiv is acquiring around 21,000 net acres and 120 well locations for approximately $230 million. In the Montney’s liquids-rich Alberta oil window, it is acquiring about 20,000 net acres and 120 well locations, also for approximately $230 million. Including 260 locations from organic inventory enhancement, Ovintiv states it will have added about 500 net 10,000-foot equivalent well locations year-to-date and expects the remaining transactions to close before year-end.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Total acquisition cost year-to-date: $460 million Net acres acquired year-to-date: 41,000 net acres New net 10,000-foot equivalent well locations: 240 locations +5 more

8 metrics

Total acquisition cost year-to-date $460 million Cost of over 60 transactions adding approximately 41,000 net acres in 2026

Net acres acquired year-to-date 41,000 net acres Across Montney and Permian assets in 2026 ground game acquisition program

New net 10,000-foot equivalent well locations 240 locations 190 base locations and 50 upside locations from 2026 acquisitions

Acquisition valuation per acre $11,000 per net acre Valuation of acquired assets adjusted for minimal production

Acquisition valuation per well location $1.3 million to $1.7 million per well location Range per 10,000-foot equivalent well location, adjusted for minimal production

Permian acquisition cost $230 million For approximately 21,000 net acres and 120 well locations in the Midland Basin

Montney acquisition cost $230 million For approximately 20,000 net acres and 120 well locations in the Alberta oil window

Total net well locations added year-to-date 500 net 10,000-foot equivalent well locations Including 260 locations from organic inventory enhancement in 2026

Key Terms

ground game acquisition program, 10,000-foot equivalent well locations, after-royalties basis, forward-looking statements, +1 more

5 terms

ground game acquisition program financial

"update on its 2026 ground game acquisition program"

10,000-foot equivalent well locations technical

"The transactions will add 240 net 10,000-foot equivalent well locations"

A way oil and gas companies count and compare drilling opportunities by converting wells of different lengths into a common unit equal to a 10,000-foot well. Instead of saying “we have X wells of varying lengths,” firms report how many equivalent 10,000-foot wells those prospects represent, so investors can compare inventory and development scale more easily. Think of it like converting rooms of different sizes into standard-size units to measure total capacity.

after-royalties basis financial

"Production estimates are reported on an after-royalties basis"

A measurement reported after subtracting royalties that must be paid to owners, governments, or other parties from gross amounts such as revenue, production value, or reserves. It shows the net figure the reporting company actually retains once those mandatory payments are removed; investors use it to understand the cash or asset base available to the company, similar to looking at take-home pay after obligatory deductions.

forward-looking statements regulatory

"This news release contains forward-looking statements or information"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

liquids-rich Alberta oil window technical

"in the liquids-rich Alberta oil window for approximately $230 million"

FAQ

What did Ovintiv Inc. (OVV) announce regarding its 2026 ground game acquisition program?

Ovintiv announced that in 2026 year-to-date it has entered into over 60 transactions that will add about 41,000 net acres in the Permian and Montney for roughly $460 million, contributing 240 net 10,000-foot equivalent well locations to its drilling inventory.

How many acres and locations is Ovintiv (OVV) adding in the Permian through these deals?

In the Permian’s Midland Basin, Ovintiv is acquiring approximately 21,000 net acres and 120 total well locations (80 base and 40 upside) for about $230 million as part of its 2026 ground game acquisition program.

What are Ovintiv’s (OVV) Montney acquisition details in this update?

In the Montney liquids-rich Alberta oil window, Ovintiv is acquiring about 20,000 net acres and 120 total well locations (110 base and 10 upside) for roughly $230 million, contributing to the company’s expanded drilling inventory.

What valuation metrics did Ovintiv (OVV) disclose for its 2026 acquisition program?

Ovintiv stated the assets are being acquired at around $11,000 per net acre and approximately $1.3 million to $1.7 million per well location, after adjusting for minimal production volumes from the acquired assets.

How many total drilling locations has Ovintiv (OVV) added year-to-date in 2026?

Ovintiv reported it will have added about 500 net 10,000-foot equivalent well locations year-to-date, including 240 from acquisitions and 260 locations from organic inventory enhancement.

When does Ovintiv (OVV) expect the remaining acquisition transactions to close?

Ovintiv stated that it expects the remaining transactions to close before the end of the year, referring to the outstanding deals in its 2026 ground game acquisition program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/27/2026 - 06:04 AM Accepted by SEC EDGAR 08/26/2026 - 07:05 PM Learn about SEC filing dates

0001792580false00017925802026-08-262026-08-26

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 26, 2026

Ovintiv Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-39191	84-4427672
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
Suite 1700, 370 17th Street
Denver, Colorado				80202
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (303) 623-2300

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		OVV		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On August 26, 2026, Ovintiv Inc. (the “Company”) issued a news release providing an update on the Company’s 2026 ground game acquisition program. A copy of the news release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.

The information in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto are being furnished and, along with information contained on the Company’s website (or linked therein or otherwise connected thereto), shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Exhibit Description
Exhibit 99.1	News Release dated August 26, 2026.
Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Ovintiv Inc.

(Registrant)

Date:	August 26, 2026	By:	/s/ Dawna I. Gibb
			Name: Dawna I. Gibb Title: Assistant Corporate Secretary

Exhibit 99.1 News release

Ovintiv Announces Permian and Montney Inventory Additions

DENVER, August 26, 2026 – Ovintiv Inc. (NYSE, TSX: OVV) today provided an update on its 2026 ground game acquisition program. On a year-to-date basis, the Company has entered into over 60 transactions, which will result in the addition of approximately 41,000 net acres of land across its Montney and Permian assets for a total acquisition cost of approximately $460 million. The transactions will add 240 net 10,000-foot equivalent well locations to Ovintiv’s drilling inventory (190 base locations and 50 upside locations). The assets are being acquired at an attractive valuation of approximately $11,000 per net acre, and approximately $1.3 million to $1.7 million per well location, when adjusted for minimal production volumes from the assets.

In the Permian, Ovintiv is acquiring approximately 21,000 net acres of land and 120 total well locations (80 base locations and 40 upside locations) in the Midland basin for approximately $230 million.

In the Montney, Ovintiv is acquiring approximately 20,000 net acres of land and 120 total well locations (110 base locations and 10 upside locations) in the liquids-rich Alberta oil window for approximately $230 million.

Following these transactions, the Company will have added approximately 500 net 10,000-foot equivalent well locations year-to-date, with the inclusion of 260 locations from organic inventory enhancement.

Ovintiv expects the remaining transactions to close before the end of the year.

Important information

Ovintiv reports in U.S. dollars unless otherwise noted. Production estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.

Please visit Ovintiv's website and the Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often discloses important information about the Company, its business, and its results of operations.

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, inventory additions, strategies, objectives or expectations of the Company are forward-looking statements. When used in this news release, the use of words and phrases such as "anticipates," “acquiring”, "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Without limiting the generality of the foregoing, forward-looking statements contained in this news release include: expectations that the acquisition program will support the achievement of Ovintiv's expected inventory additions; the expected closing of the various transactions; and the expected timing of such closings.

Ovintiv Inc. 1

The forward-looking statements provided in this news release are based upon a number of material factors and assumptions that Ovintiv has made in respect thereof as of the date of this news release, including, without limitation: future commodity prices and basis differentials; the Company's ability to consummate any pending acquisitions (including the transactions described herein); the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from changes to the geopolitical environment; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein. Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct.

All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly or revise any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements.

The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this new release could also have material adverse effects on forward-looking statements.

Further information on Ovintiv Inc. is available on the Company’s website, www.ovintiv.com, or by contacting:

Investor contact:

(888) 525-0304

investor.relations@ovintiv.com

Media Contact:

(403) 645-2252

SOURCE: Ovintiv Inc. 2

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 24.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.4 KB