# Ovintiv Acquires Logan Energy for $1.26B

> Ovintiv buys Logan Energy in $1.26 billion deal to expand Montney oil operations.
- Title: Ovintiv Acquires Logan Energy for $1.26B · Financialpost
- Summary: Ovintiv buys Logan Energy in $1.26 billion deal to expand Montney oil operations. Ovintiv Inc. agreed to acquire Canadian oil and gas producer Logan Energy…
- Keywords: ovintiv, logan energy, montney, oil, canada, acquisition, oil reserves, money, business, Acquires, Logan, Energy
- Source: Financialpost — https://financialpost.com/news/ovintiv-canada-logan-energy-montney-expansion
- Read time: 1 min
- Topics: ovintiv, logan energy, montney, oil, canada, acquisition, oil reserves, money, business
## Ovintiv Acquires Logan Energy
Ovintiv Inc. agreed to acquire Canadian oil and gas producer Logan Energy Corp. in an all-cash transaction valued at about $1.26 billion, including net debt.
## Deal Details
Denver-based Ovintiv will pay $1.40 a share for Logan, adding 266,000 net acres and approximately 20 thousand barrels of oil equivalent per day.
## Expected Closing
The transaction is expected to close early in the first quarter of 2027.
## Montney Expansion
The purchase boosts Ovintiv’s Montney operations, building on the company’s US$2.3 billion acquisition of assets from Paramount Resources Ltd. completed in early 2025.
## Canadian Energy Context
Canadian energy dealmaking picks up as Prime Minister Mark Carney vows to speed permits for major projects to make Canada an energy superpower.
## Key takeaway

Ovintiv Inc. agreed to acquire Canadian oil and gas producer Logan Energy Corp. for $1.26 billion, adding 266,000 net acres and 20,000 barrels of oil equivalent per day to its Montney operations.