Paramount Shift

Ovintiv to acquire Montney assets from Paramount Resources for $3.325 billion; Energy Sector Sees Dramatic Increase in Private Equity Funding; Family offices increasingly favor lower-risk oil and gas investments amid volatility.

Author

Rob Quigley
November 22, 2024

Good morning! Ovintiv is in the news again buing up Canadian assets. $3.2B deal for Monteney assets from Paramount. In the news there were two good articles from Hart about 1) PE funding and 2) family office funding. Let's drill down!

Daily Headlines

  • Energy Sector Sees Dramatic Increase in Private Equity Funding Hart Energy$$$

  • Family offices increasingly favor lower-risk oil and gas investments amid volatility. Hart Energy$$$

  • US EIA update highlights declining trend in gasoline prices Rigzone

  • Natural gas drillers plan output boost for 2025 to reverse cuts Oil and Gas 360

  • US natgas storage drops ahead of predictions for colder weather Hart Energy$$$

  • India's natural gas demand surges as economy rapidly grows OilPrice.com

Deal Flow

M&A/Investment

  • Ovintiv to acquire Montney assets from Paramount Resources for $3.325 billion. BOE Report

  • Kuwait plans $30B investment to expand oil production, betting on future demand. Rigzone

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