Kirkland & Ellis counseled Ovintiv Inc. (NYSE: OVV) (TSX: OVV) on its definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap Investments L.P., in a cash and stock transaction valued at approximately $4.275 billion. Upon closing, the acquisition will add approximately 1,050 net 10,000 foot well locations to Ovintiv's Permian inventory and approximately 65,000 net acres in the core of the Midland Basin, strategically in close proximity to Ovintiv's current Permian operations. Ovintiv also reached an agreement to divest the entirety of its Bakken assets for approximately $825 million. Read Ovintiv’s press release The Kirkland team was led by corporate partners David Castro, Rahul Vashi, Lindsey Jaquillard, and Kyle Watson and associates Gabrielle Sumich and Isaac Bate; and tax partners Mark Dundon and Ryan Phelps. On the Bakken sale and disposition, the Kirkland team was led by corporate partners David Castro, Rahul Vashi and R.J. Malenfant and associate Jarrod Gamble.