Energy producer Ovintiv nears $4b Permian oil deal with PE firm EnCap

Energy producer Ovintiv nears $4b Permian oil deal with PE firm EnCap

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Ovintiv Inc is nearing a deal to acquire oil exploration and production assets in the Permian Basin that are controlled by private equity firm EnCap Investments for about $4 billion including debt, people familiar with the matter said on Sunday.