April 3 (Reuters) - Shale producer Ovintiv Inc (OVV.N), opens new tab on Monday agreed to buy oil-focused assets in the Permian Basin from entities controlled by private-equity firm EnCap ...

Ovintiv Inc. will acquire oil and gas assets in the Permian Basin from private equity firm EnCap Investments for about $4.3 billion, expanding its reach in the most productive US shale fields. The ...

At 436.1 million bbl, US crude oil inventories are about 7% below the 5-year average for this time of year, the EIA report indicated.

A dealmaking boom has swept through the U.S. shale industry in the last two years as large producers look to gain scale, creating opportunities for buyout firms holding oil and gas assets.