Ovintiv (OVV) 8-KOvintiv to Acquire Core Midland Basin Assets

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 3, 2023

Ovintiv Inc.

(Exact Name of Registrant as Specified in its Charter)

(303) 623-2300

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

On April 3, 2023, Ovintiv Inc. (“Ovintiv”) issued a press release regarding (i) the acquisition by its wholly-owned subsidiary, Ovintiv USA Inc., of certain upstream oil and gas assets and midstream gathering and processing assets located in the Permian Basin (the “Acquisition”) and (ii) the divestiture by Ovintiv USA Inc. of certain upstream oil and gas assets and midstream gathering and processing assets located in the State of North Dakota (the “Divestiture” and, collectively with the Acquisition, the “Transactions”). A copy of the press release, which included certain operational updates for the first quarter 2023, is furnished as Exhibit 99.1 to this report and incorporated herein by reference.

On April 3, 2023, Ovintiv posted an investor presentation relating to the Transactions on its website at https://www.ovintiv.com. A copy of this presentation, which included certain operational updates for the first quarter 2023, is furnished as Exhibit 99.2 to this report and incorporated herein by reference.

The information in this Item 2.02 and Exhibit 99.1 and Exhibit 99.2 attached hereto are being furnished and, along with information contained on Ovintiv’s website (or linked therein or otherwise connected thereto), shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a filing.

The information set forth in Item 2.02 of this Current Report on Form 8-K is incorporated by reference herein.

The information in this Item 7.01 and Exhibit 99.1 and Exhibit 99.2 attached hereto are being furnished and, along with information contained on Ovintiv’s website (or linked therein or otherwise connected thereto), shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in such a filing.

(d) Exhibits

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 3, 2023