By: The Canadian Press Posted: Last Modified:
CALGARY - Ovintiv Inc. has signed a deal to buy Logan Energy Corp. in an agreement valued at $1.26 billion, including the assumption of debt.
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CALGARY - Ovintiv Inc. has signed a deal to buy Logan Energy Corp. in an agreement valued at $1.26 billion, including the assumption of debt.
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CALGARY – Ovintiv Inc. has signed a deal to buy Logan Energy Corp. in an agreement valued at $1.26 billion, including the assumption of debt.
The company says the deal is expected to add approximately 266,000 net acres and about 20,000 barrels of oil equivalent per day of production in the Montney region.
The acquisition also includes two new oil batteries and interests in two natural gas processing facilities.
Under the agreement, Ovintiv will pay $1.40 per share in cash for Logan Energy.
Logan Energy shareholders will also receive 0.0817 of a share, in a new company, Logan Oil, plus 0.05 of a Logan Oil purchase warrant for each Logan Energy share they hold.
Each whole warrant will entitle the holder to buy one Logan Oil share at an exercise price of $1 per share, within 60 days following the closing date.
This report by The Canadian Press was first published Oct. 26, 2026.
Companies in this story: (TSX:OVV, TSXV:LGN)
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