Encana issued the following announcement.
Ovintiv Inc. announced that its subsidiary, Ovintiv Canada ULC, has closed an agreement with PetroChina Canada Ltd. (PCC) to terminate the parties' joint venture and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta. Ovintiv and PCC have agreed to partition the Duvernay acreage and associated infrastructure as each company will independently own and operate their interests going forward. There were no penalties or fees associated with this transaction.
- Ovintiv Inc--Ovintiv Ends JV with PetroChina and Becomes 100- Ow
Original source can be found here.