Simultaneous fracturing, aka simul-frac technology, is so last year, according to Denver-based Ovintiv Inc. Ovintiv’s Permian Basin team has taken the well completions technique “one step further,” according to CEO Brendan McCracken. “We are stockpiling wet sand onsite from our local mines and completing three wells with a single frac spread at the same time,…
Ovintiv
Articles from Ovintiv
Ovintiv Uses Canadian Natural Gas to Cash In on West Coast Prices and Grows in Permian
Ovintiv Inc. balanced its focus between its Permian Basin program and maximizing earnings from its Montney Shale assets during 1Q2023, exceeding production expectations and increasing revenue despite falling U.S. natural gas prices during the quarter. The Denver-based company made good on its word from the previous quarter about its goal to make Permian growth in…
May 15, 2023
Ovintiv Builds Permian West Texas Options, Dumps Bakken in Twin Deal with EnCap
Ovintiv Inc. signaled last month that the focus this year would be Permian Basin oil, and on Monday, the Denver independent advanced those ambitions by striking a nearly $4.3 billion cash-and stock deal to build West Texas inventory. “Substantially all leasehold interest and related assets” were acquired from companies managed by private equity (PE) giant…
April 3, 2023
North Dakota Oil, Natural Gas Activity at Two-Year High Despite Labor Shortage
North Dakota’s tally of active oil and natural gas drilling rigs and hydraulic fracturing (frack) crews has risen to levels not seen since the start of the pandemic, the state’s top oil and gas regulator said Friday. The rig count stood at 40 as of Friday, the highest since March 2020, North Dakota Department of…
May 19, 2022
Keyera’s Pipestone Boosts Montney Shale Natural Gas, NGL Processing Capacity
Daily processing capacity in the Montney Shale, which straddles northern Alberta and British Columbia, has jumped by 200 MMcf natural gas and 24,000 bbl of liquid byproducts after Keyera’s Pipestone complex ramped up on Tuesday. Pipestone, about 375 miles northwest of the Alberta capital in Edmonton, was finished five months ahead of schedule and within…
October 14, 2020
Ovintiv Touts Permian, Anadarko, Montney Gains, Brings Online 32,000 Boe/d of Shut-In Volumes
North American explorer Ovintiv Inc. has brought back online substantially all of its shut-in volumes of 32,000 boe/d, including 18,000 b/d of crude and condensate voluntarily curtailed in the second quarter, CEO Doug Suttles said Wednesday. Suttles during the quarterly conference call credited efficiencies achieved by reducing costs and the workforce, as well as financial…
July 29, 2020
NGI The Weekly Gas Market Report
Ovintiv Keeping Eye on Natural Gas Prices as Shut-ins Reduce Output by 65,000 Boe/d
Denver-based Ovintiv Inc., whose broad oil and natural gas portfolio runs across the Permian and Anadarko basins and the Montney formation in Canada, is shelving some onshore work in the Eagle Ford, Bakken, Uinta and Duvernay formations, but it’s keeping a sharp eye on the direction of natural gas prices to determine when to boost activity.
May 11, 2020
Encana Shareholders Overwhelmingly OK Moving to Denver, Rebranding as Ovintiv
Calgary stalwart Encana Corp. will be making Denver its new home after winning investor approval to relocate and to change its brand to Ovintiv.
January 14, 2020
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