Drilling & Completions | Top Story | Capital Markets | Capital Expenditure
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
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Ovintiv provided an updated guidance for the remainder of the 2023 development cycle.
2023 Guidance
The Company issued its third quarter 2023 guidance and revised its full year guidance. Full year production guidance was increased due to strong well productivity across the portfolio and lower royalty rates in the Montney. Full year capital guidance was decreased due to execution efficiencies and cost savings.
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