US independent Ovintiv sells assets in Uinta basin and Bakken shale

Company to use proceeds from $250 million sale to help fund shareholder returns

Sold: Independent producer Ovintiv has sold a portion of its position in the Bakken shale as part of a package of assets for $250 million — Sold: Independent producer Ovintiv has sold a portion of its position in the Bakken shale as part of a package of assets for $250 millionPhoto: AFP/SCANPIX

Mark Passwaters

Houston

Bakken Uinta basin USA Utah North Dakota

Published 6 July 2022, 20:34Updated 7 July 2022, 08:26