Bakken Disposition On April 3, Ovintiv announced that it had entered into a definitive agreement to sell the entirety of its Bakken assets located in the Williston Basin of North Dakota to Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap for total cash proceeds of approximately $825 million, before closing adjustments. Ovintiv's landholdings in the play totaled 46 thousand net acres as of December 31, 2022. First quarter production from the Bakken totaled approximately 38.8 MBOE/d (59% oil and condensate).