Ovintiv (OVV) provided an update on its 2026 ground game acquisition program. On a year-to-date basis, the Company has entered into over 60 transactions, which will result in the addition of approximately 41,000 net acres of land across its Montney and Permian assets for a total acquisition cost of approximately $460M. The transactions will add 240 net 10,000-foot equivalent well locations to Ovintiv’s drilling inventory. The assets are being acquired at an attractive valuation of approximately $11,000 per net acre, and approximately $1.3M to $1.7M per well location, when adjusted for minimal production volumes from the assets. In the Permian, Ovintiv is acquiring approximately 21,000 net acres of land and 120 total well locations in the Midland basin for approximately $230M. In the Montney, Ovintiv is acquiring approximately 20,000 net acres of land and 120 total well locations in the liquids-rich Alberta oil window for approximately $230M. Following these transactions, the company will have added approximately 500 net 10,000-foot equivalent well locations year-to-date, with the inclusion of 260 locations from organic inventory enhancement. Ovintiv expects the remaining transactions to close before the end of the year.