US oil producer Ovintiv to Acquire Canada’s Logan Energy for $890Mn

US-based oil and gas producer Ovintiv has agreed to acquire Canadian oil and natural gas producer Logan Energy Corp. in an all-cash transaction valuing the company at approximately $890Mn, including expected net debt at closing, the companies said October 26. The acquisition is expected to add about 20,000 barrels of oil equivalent per day (boe/d) […] The post US oil producer Ovintiv to Acquire Canada’s Logan Energy for $890Mn first appeared on Egypt Oil & Gas.