Ovintiv Inc - Company Profile
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Business Description
Ovintiv Inc (Ovintiv) is an upstream oil and gas company. It develops a portfolio of various resource plays, which produce natural gas, oil and NGLs.
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Business Segments
Overview
Includes the exploration for, development of, and production of oil, natural gas liquids (NGLs), natural gas and other related activities within Canada. Major plays in Canada include Montney in Northwest Alberta and Northeast British Columbia; and Duvernay in West Central Alberta. Its other upstream operations include: Wheatland in Southern Alberta, Horn River in Northeast British Columbia and Deep Panuke located offshore Nova Scotia. In FY2022, the segment's capital expenditure stood at US$334 million, which decreased 14.6% YoY.
Performance
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Overview
Explores, develops and produces natural gas, oil and natural gas liquids in the US. Major plays include: Permian in west Texas and Anadarko in west-central Oklahoma. Other asset include Eagle Ford in south Texas,Bakken in North Dakota and Uinta in central Utah. In FY2022, the segment's capital expenditure stood at US$1,493 million, which increased 32.7% YoY.
Performance
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Overview
Includes sale of the company’s proprietary production to third party customers. Also include third-party purchases and sale of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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