Mitsubishi Enters U.S. Shale With $5.2 Billion Haynesville Gas Deal [Yahoo! Finance]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance
the Japanese conglomerate's first direct entry into the U.S. shale gas sector. The deal gives Mitsubishi ownership of upstream gas assets producing around 2.1 billion cubic feet per day across Louisiana and Texas, with clear links to U.S. LNG export infrastructure. The acquisition covers all equity interests in Aethon III LLC, Aethon United LP, and related entities. Mitsubishi reached the agreement with Aethon Energy Management and its existing financial backers, including Ontario Teachers' Pension Plan and RedBird Capital Partners. Closing is expected between April and June 2026, subject to regulatory approvals. The Haynesville Shale has emerged as one of the most strategically important U.S. gas basins due to its proximity to the U.S. Gulf Coast and multiple LNG export terminals. Production from the basin is particularly attractive for LNG-linked strategies because of short pipeline distances, high deliverability, and growing export demand from both Asia and Europe. Mitsubishi
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News
- Mitsubishi to foray into US shale gas upstream sector with $5.2bn deal [Yahoo! Finance]Yahoo! Finance
- Ovintiv (OVV) Price Target Raised to $55 [Yahoo! Finance]Yahoo! Finance
- NuVista Energy Files Management Information Circular for Arrangement With Ovintiv [Canadian Business Journal (Canada)]Canadian Business Journal
- NuVista Energy Files Management Information Circular for Arrangement With Ovintiv [Yahoo! Finance]Yahoo! Finance
- Ovintiv signs on to Cedar LNG project as long-term customer [BNN Bloomberg (Canada)]BNN Bloomberg
OVV
Earnings
- 11/4/25 - Miss
OVV
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- OVV's page on the SEC website