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Ovintiv Inc.

Company Summary

Description

Ovintiv’s vision is to be the leading North American resource play company, known for our operational excellence, top tier assets, market fundamentals and strategic resource allocation.

Website

https://www.ovintiv.com/

Operational Regions

  • Montney Formation
  • Duvernay Formation
  • Piceance Basin
  • San Juan Basin
  • Permian Basin
  • Eagle Ford
  • Tuscaloosa Marine Shale
  • Offshore Canada
  • Horn River

Related Entities

Recent news

  • 11/21/2023 - Ovintiv Inc. Announces... (subscriber access)
  • 11/9/2023 - Ovintiv Reports Flat... (subscriber access)
  • 11/9/2023 - Ovintiv Utilizes... (subscriber access)
  • 9/27/2023 - Ovintiv Receives... (subscriber access)
  • 9/12/2023 - Ovintiv Prices Public... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • 4Q21 Earnings Presentation (subscriber access)
  • 3Q21 Investor Presentation (subscriber access)
  • 2Q21 Earnings Presentation (subscriber access)
  • 1Q21 Earnings Presentation (subscriber access)
  • 3Q Earnings Release (subscriber access)
  • 2Q20 Earnings Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Acquisition

SELLERS:
  • Ovintiv Inc.
    • DETAILS:

    COST: 250 $MM

    VOLUMES: 5 MBOE/d

    NOTES:
    Ovintiv has reached a deal with two counterparties to divest a portion of its holdings in the Uinta and Bakken Basins for $250 million. Combined production from the sold assets is 5 Mboe/d, including 4.9 Mbbl/d of oil and condensate. Closing is targeted for 3Q22. The Uinta position covers 3,000 gross vertical wells and that are primarily mature waterflood assets. Ovintiv will retain 130,000 contiguous acres in the horizontal oil-rich portion of the play. The Bakken sale includes 88 wells, which are mainly in Richland County, Montana.
    REGIONS:
  • Uinta Basin
  • Bakken

    • Date: 5/15/2021
    Type: Acquisition

    SELLERS:
  • Ovintiv Inc.
    • DETAILS:

    COST: 263 $MM

    VOLUMES: 10 MBOE/d

    NOTES:
    Ovintiv has reached a deal to divest their Duvernay assets for $263 million, which included 10 Mboe/d in fourth quarter 2020 production. Closing is targeted for the second quarter of 2021.
    REGIONS:
  • Duvernay Formation

    • Date: 5/15/2021
    Type: Acquisition

    BUYERS:
  • Validus Energy
  • Pontem Energy Capital
    • SELLERS:
  • Ovintiv Inc.
    • DETAILS:

    COST: 880 $MM

    VOLUMES: 21 MBOE/d

    REGIONS:
  • Eagle Ford