EnCap-backed Grayson Mill Bakken completed the acquisition of the Bakken assets of Ovintiv for $825m.

EnCap-backed Grayson Mill Bakken, an exploration and production company, completed the acquisition of the Bakken assets of Ovintiv, a hydrocarbon exploration and production company, for $825m. "The sale of our Bakken asset is aligned with our track record of unlocking significant value from non-core assets while high grading our portfolio and extending inventory runway in our core areas. We are grateful for the hard work of our Bakken team and pleased to receive full value for the asset," Brendan McCracken, Ovintiv President and CEO.