Buckhead Energy purchases mineral rights and royalties operated by Ovintiv Inc. (formerly Encana Corporation) across the Permian Basin, Uinta Basin, and Anadarko Basin.
Formerly: Encana Corporation
Ticker: NYSE: OVV
HQ: Denver, Colorado
Basins: Permian, Uinta, Anadarko
Type: Multi-Basin E&P Operator
In January 2020, Encana Corporation officially rebranded to Ovintiv Inc. The name change coincided with the company relocating its headquarters from Calgary, Alberta, Canada to Denver, Colorado. The original name "EnCana" was a portmanteau of "Energy Canada," reflecting the company's roots as a Canadian natural gas producer.
The rebranding signaled Ovintiv's strategic pivot toward U.S. unconventional oil plays, particularly the Permian Basin and Uinta Basin. For mineral owners, the transition meant that royalty checks, division orders, and lease correspondence began arriving under the Ovintiv name rather than Encana.
Buckhead Energy has been evaluating Encana-operated minerals since well before the rebrand. We understand the full corporate lineage and can value your minerals regardless of whether your records reference Encana or Ovintiv.
2002: EnCana formed from merger of Alberta Energy Company and PanCanadian Energy
2009: Encana spins off Cenovus Energy, retaining natural gas assets
2014-2018: Pivots to U.S. oil plays, enters Permian Basin and Uinta Basin
2019: Acquires Newby Energy for Uinta Basin position
2020: Rebrands to Ovintiv Inc., moves HQ to Denver
Today: NYSE: OVV, multi-basin U.S. operator focused on Permian and Uinta
Ovintiv's corporate evolution from Encana and multi-basin operating model create unique considerations for mineral owners looking to simplify their holdings.
Encana Corporation rebranded to Ovintiv in 2020
Headquarters relocated from Calgary to Denver
Originally a Canadian company ("Energy Canada")
Name changes can create confusion around royalty payments and division orders
Mineral owners may have records under both Encana and Ovintiv names
Operations span Texas, Utah, and Oklahoma
Each basin has different production characteristics and development timelines
Tracking royalties across multiple states adds administrative burden
Capital allocation shifts between basins affect development pace
Different state regulations govern mineral rights in each operating area
Convert monthly royalty payments into a lump-sum payment
Eliminate commodity price exposure and production uncertainty
Reduce annual tax filing complexity across multiple states
Gain certainty over unpredictable future production
Use proceeds for other financial priorities
Buckhead Energy purchases mineral rights across all of Ovintiv's primary U.S. operating basins.
Ovintiv's Permian Basin operations are concentrated in the Midland Basin, where the company runs efficient multi-well pad development programs targeting the Spraberry and Wolfcamp formations. This is one of Ovintiv's highest-return operating areas and a significant driver of the company's overall production.
Ovintiv is known for its "cube" development approach in the Midland Basin, drilling multiple wells per pad to simultaneously develop stacked horizontal targets. This technique maximizes recovery and creates robust production profiles that enhance mineral rights valuations.
Howard County, TX - Core Midland Basin operations
Martin County, TX - Active Spraberry/Wolfcamp development
Midland County, TX - Midland Basin core
Upton County, TX - Southern Midland Basin
Dawson County, TX - Northern Midland Basin
Andrews County, TX - Western Midland Basin
Key formations: Spraberry, Wolfcamp A, Wolfcamp B, and lower Spraberry shale. These stacked pay zones provide multiple drilling targets on a single mineral tract, increasing the long-term value of your mineral rights.
Ovintiv significantly expanded its Uinta Basin position through the acquisition of Newby Energy. The company is one of the most active operators in Utah, developing the basin's waxy crude oil reserves through horizontal drilling programs that have unlocked previously uneconomic formations.
The Uinta Basin produces a distinctive waxy crude oil that can command premium pricing relative to WTI. Ovintiv's horizontal drilling success in the basin has accelerated development and increased the value of undeveloped mineral positions across the play.
Duchesne County, UT - Core Uinta operations
Uintah County, UT - Eastern Uinta Basin
Waxy crude premium: Uinta Basin crude oil has a high pour point and wax content. When infrastructure and refining capacity support this crude type, it can trade at a premium, which positively impacts mineral rights valuations in the basin.
Ovintiv previously held a significant position in Oklahoma's SCOOP play within the Anadarko Basin, primarily targeting the Woodford Shale and Springer formation. While the company has shifted capital allocation toward its Permian and Uinta operations, mineral owners with legacy Ovintiv leases in the Anadarko Basin may still hold valuable assets.
Whether Ovintiv has retained or divested its Oklahoma acreage, mineral rights in the SCOOP play continue to carry value. The underlying formations remain productive, and other active operators are drilling in these counties.
Garvin County, OK - SCOOP play core
Grady County, OK - Northern SCOOP
Stephens County, OK - Southern Anadarko
McClain County, OK - SCOOP play
Note: Ovintiv may have divested some or all of its Oklahoma assets. Buckhead Energy purchases mineral rights in the Anadarko Basin regardless of the current operator. If your operator has changed from Ovintiv to another company, we can still evaluate and purchase your minerals.
Ovintiv is recognized for its efficient, large-scale pad development programs. Understanding this approach is important because it directly affects how mineral rights are valued.
Cube development: Ovintiv drills multiple horizontal wells from a single pad location, targeting different formations simultaneously. This approach maximizes recovery per section and can mean your minerals see development across several pay zones.
Production concentration: Pad development creates periods of rapid production growth when wells come online, followed by natural decline. This production profile affects how mineral valuations are calculated.
Longer laterals: Ovintiv has trended toward longer lateral lengths in both the Permian and Uinta basins, which increases per-well production and reduces the number of surface pads needed.
Development timing: Large-scale pad programs take longer to plan and execute but tend to deliver more consistent and predictable production results once wells are completed.
Buckhead Energy considers these basin-specific factors when evaluating Ovintiv-operated minerals.
Ovintiv runs simultaneous drilling programs across the Permian and Uinta basins
Capital allocation between basins shifts annually based on returns
Multi-well pad development creates concentrated production growth in active areas
Howard and Martin counties sit in the core of the Midland Basin
Multiple stacked pay zones (Spraberry, Wolfcamp A/B) provide drilling inventory depth
Proximity to major takeaway infrastructure supports production volumes
Uinta Basin produces waxy crude oil that often commands premium pricing
Ovintiv's Newby Energy acquisition expanded its Uinta footprint
Horizontal drilling success has unlocked new development potential
Buckhead Energy has been purchasing mineral rights since 2007. We have direct experience evaluating Ovintiv-operated assets across the Permian Basin, Uinta Basin, and Anadarko Basin.
Our team understands the nuances of Ovintiv's multi-basin operating model, including how capital allocation decisions, pad development schedules, and basin-specific economics affect mineral valuations. Whether your minerals are under active development or awaiting future drilling, we can provide a fair and informed offer.
Basin expertise: We understand the production characteristics and development economics of every basin where Ovintiv operates, from Midland Basin Spraberry/Wolfcamp to Uinta Basin waxy crude.
Encana history: We have evaluated Encana-operated minerals since well before the Ovintiv rebrand and understand the full corporate lineage of these assets.
Multi-state capability: We purchase minerals in Texas, Utah, and Oklahoma - covering Ovintiv's entire U.S. operating footprint in a single transaction if needed.
Transparent process: Every valuation comes with a clear explanation of how we arrived at our number, including the production data and assumptions used.
Direct buyer: Buckhead Energy purchases minerals with our own capital. There are no brokers, middlemen, or commissions involved in our transactions.
18+ years purchasing mineral rights nationwide
A+ BBB Rating with the Better Business Bureau
33 states covered across the United States
30-day closings on average from accepted offer
No fees or obligations for your mineral valuation
Experienced team of petroleum engineers and landmen
Mineral rights (producing and non-producing)
Royalty interests (ORRI and NPRI)
Working interests and overriding royalty interests
Inherited mineral rights and undivided interests
Buckhead Energy makes selling mineral rights straightforward. Here is what to expect when you sell Ovintiv-operated minerals to us.
Fill out the form below or call us at (817) 778-9532 with your county, state, and any lease or royalty statement details you have available. A recent check stub or division order helps us provide the most accurate valuation.
Our team evaluates your Ovintiv-operated minerals using production data, decline curves, remaining undeveloped locations, and basin-specific economics. We provide an offer within days.
Once you accept the offer, Buckhead Energy handles all title research, document preparation, and due diligence at our expense. There are no costs or fees to you at any point in the process.
Close within 30 days on average from accepted offer. Receive your lump-sum payment via wire transfer or certified check. You choose the payment method.
These documents help us provide the most accurate valuation, but they are not required to get started.
Recent royalty check stubs showing Ovintiv or Encana payments
Division orders from Ovintiv or previous operators
Lease agreements or copies of existing oil and gas leases
Legal description including section, township, and range
County and state where your minerals are located
Net mineral acres or royalty interest percentage
Encana Corporation rebranded to Ovintiv Inc. in January 2020. The company simultaneously relocated its headquarters from Calgary, Alberta, Canada to Denver, Colorado. The name "Encana" was originally a portmanteau of "Energy Canada," reflecting the company's Canadian roots.
If your mineral rights were operated by Encana, they are now operated by Ovintiv. All existing leases, royalty obligations, and division orders carried over to the new corporate identity. Your royalty checks may now come under the Ovintiv name rather than Encana.
Buckhead Energy evaluates Ovintiv-operated mineral rights using current production data, historical decline curves, remaining undeveloped locations, and basin-specific economics. For Permian Basin minerals, we factor in Ovintiv's active Midland Basin drilling program and multi-zone potential. For Uinta Basin minerals, we account for the premium pricing of waxy crude oil and Ovintiv's growing horizontal development program.
Every valuation includes a clear breakdown so you understand how we arrived at our offer.
Yes. Buckhead Energy actively purchases mineral rights in the Uinta Basin, including Duchesne County and Uintah County in Utah. Ovintiv is one of the most active operators in the Uinta Basin following its acquisition of Newby Energy, and we have direct experience valuing minerals across the play.
Buckhead Energy can provide an initial valuation within days of receiving your mineral rights information. Once both parties agree on terms, the closing process typically takes approximately 30 days. Buckhead Energy handles all title research, document preparation, and closing logistics at no cost to you.
Yes. Buckhead Energy purchases both producing and non-producing mineral rights. Undeveloped minerals in Ovintiv's operating areas carry value based on the probability of future development, remaining permit inventory, spacing unit potential, and proximity to existing horizontal wells. In active areas like the Midland Basin and Uinta Basin, undeveloped minerals near Ovintiv operations can command meaningful value.
If Ovintiv is currently producing oil or gas on your minerals, you are receiving royalty payments. Buckhead Energy values producing minerals based on current production rates, historical decline, remaining reserves, and the number of undeveloped locations on your tract.
Producing minerals in Ovintiv's core Midland Basin and Uinta Basin areas typically command premium valuations due to the operator's active drilling programs and remaining development potential.
If your minerals are leased to Ovintiv but not yet producing, they still carry value. Buckhead Energy evaluates non-producing minerals based on proximity to existing horizontal wells, remaining permit inventory, spacing unit assignments, and the overall development timeline for your area.
In actively drilled areas like Howard County and Duchesne County, non-producing minerals near Ovintiv well pads can carry substantial value based on the probability of near-term development.
Get a free, no-obligation valuation from Buckhead Energy. We purchase minerals in the Permian Basin, Uinta Basin, and Anadarko Basin.
Whether your minerals are in the Permian Basin, Uinta Basin, or Anadarko Basin, Buckhead Energy can provide a no-obligation valuation of your Ovintiv-operated mineral rights.
Fill out the form, and a member of our acquisitions team will review your mineral information and provide a valuation. There is no cost and no obligation to accept.
Free valuation - No cost and no obligation to accept
Fast response - Initial offer within days of submission
All basins - Permian, Uinta, and Anadarko coverage
Encana minerals welcome - We evaluate assets under both the Encana and Ovintiv names
Call us: (817) 778-9532
Email: [email protected]
Disclaimer: Buckhead Energy is not affiliated with, endorsed by, or sponsored by Ovintiv Inc. or any of its subsidiaries. References to Ovintiv and Encana are for informational purposes to identify the operator of mineral rights Buckhead Energy may purchase. All company names and trademarks are the property of their respective owners.