By Karen Roman
Vinson & Elkins said it advised NuVista Energy Ltd. (TSX: NVA) in its definitive arrangement with Ovintiv Inc. (NYSE: OVV) and Ovintiv Canada ULC.
The transaction values NuVista at approximately $3.8 billion CAD, including NuVista’s net debt, and will close in the first quarter of 2026, the firm stated.
“Our team has been critically focused on generating best-in-class returns for our shareholders and this transaction will provide exposure to a complementary portfolio of assets in Ovintiv that share the same quality and longevity to ours,” said Mike Lawford, NuVista’s President and CEO.
The Vinson & Elkins team was led by partners Matt Strock and Alex Robertson, with assistance from associate Chaudhry Hameed, the firm said. Other key team members include partner David Peck and counsel Allyson Seger (Tax); partner Kara Kuritz (Antitrust); partners Doug McWilliams, Jackson O’Maley, and Bryan Loocke (Corporate); partner Jennifer Cornejo and Jacob Baltzegar (Environmental).
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