The transaction adds an estimated 930 high-return drilling locations and 140,000 net acres, 70% of which are undeveloped, adjacent to Ovintiv’s Alberta Montney operations.
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The shift reflects concerns that rising populist sentiment could lead to greater regulatory scrutiny of the industry’s influence and expanding business activities.
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The potential buyout follows Global Payments’ acquisition of Worldpay from GTCR in 2025.
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CarScoops covers breaking automotive news, vehicle reveals, industry developments, expert analysis and car reviews.
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The TAPCO Tube Company is a Midwest-based manufacturer of steel tubing and building products.
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