Fourpoint resources, quantum capital group and kayne anderson to acquire ovintiv uinta basin assets for $2 billion

Denver and houston, nov. 14, 2024 (globe newswire) -- fourpoint resources, llc (“fourpoint”), together with their partners quantum capital group (“quantum”) and kayne anderson, announced today the signing of a purchase and sale agreement to acquire ovintiv inc.'s (nyse, tsx: ovv) uinta basin assets for a purchase price of $2.0 billion in cash. the asset includes 126,000 net acres and production of 29 mbbls/d.
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