February 20, 2026–Written by Daniel Graeber for IIR Energy Intelligence (Sugar Land, Texas)–Selling off a stake in the Anadarko Basin in Oklahoma gives Ovintiv room to maneuver in rival U.S. and Canadian reserves, the Canadian-based company said.
In a deal expected to close during the second quarter, Ovintiv said it sold off its Anadarko portfolio to an undisclosed buyer in Oklahoma for $3 billion. The Calgary-based company added that a portion of the sale would eat into the $5.2 billion in debt it held to the third quarter of 2025. The company is scheduled to release fourth quarter figures on February 25.
