Validus Energy completed the acquisition of the Eagle Ford assets from Ovintiv for $880m.

Energy company Validus Energy completed the acquisition of the Eagle Ford assets from Ovintiv, one of the largest producers of oil, condensate and natural gas in North America, for $880m. "Today's Eagle Ford announcement continues our track record of unlocking value from non-core assets. Proceeds will significantly accelerate the achievement of our debt reduction target and allow us to pay off near-term debt maturities with cash on hand. Our 2021 outlook is strong and we expect to generate significant free cash flow for the fourth consecutive year," Doug Suttles, Ovintiv CEO.