A Broader Strategic Shuffle
The Anadarko exit follows a busy stretch for the company. In late 2024, Ovintiv announced it would acquire $2.4 billion in assets in the Montney Basin while simultaneously divesting its Uinta Basin assets in Utah for $2 billion to private equity firm FourPoint Resources. That earlier transaction was guided by a team of five law firms, including Kirkland.
Taken together, the moves resemble a high-stakes chess match — shedding one basin, doubling down on another, and repositioning capital where leadership believes it can drill deeper value.
As the energy sector continues to shift under the pressures of capital discipline and investor expectations, the Ovintiv $3 Billion Anadarko Sale marks another decisive turn in the industry’s evolving playbook.
