Operator · Duvernay Shale, Montney Shale & Permian Basin
Ovintiv Inc
80 articles mentioning Ovintiv Inc · Page 2 of 4
Kimmeridge Nominates Three to Ovintiv Board, Hints at Proxy Battle
In a move that signals potential for a proxy battle, Kimmeridge Energy Management Company has nominated three independent directors to the Board of Directors of Ovintiv Inc. Kimmeridge is a beneficial owner of 2.5% of Ovintiv's...
Ovintiv IDs 2021 Budget; Talks Preliminary Q4, Full Year 2020 Results
Ovintiv Inc. announced preliminary financial results and select operating metrics for its fourth quarter and fiscal year ended December 31, 2020. 2021 Plans In 2021, the Company plans to invest approximately $1.5 billion (vs. $1.75B in...
Ovintiv Adds Tellurian CEO to Board
Ovintiv Inc. announced that Meg A. Gentle has been named as an independent member of its board of directors, effective December 16, 2020. Fred J. Fowler, 75, Ovintiv director since 2010, will not seek re-election at...
Report: Ovintiv Looking to Sell Eagle Ford Assets
Ovintiv Inc. (formerly Encana) is making moves to put its Eagle Ford assets on the market, according to a report by Reuters. Citing two people familiar with the matter, the sale is part of the company's...
Ovintiv Inc. Names New President
Ovintiv Inc. has named Brendan M. McCracken as president, effective December 1, 2020. McCracken will maintain his current responsibilities of investor relations, external affairs and strategy and reporting to him will be the COO; EVP, midstream,...
Ovintiv Inc. Third Quarter 2020 Results
Ovintiv Inc. reported its Q3 2020 results. Highlights: Posted $47 million of non-GAAP free cash flow and reduced net debt by $217 million during the third quarter, reaffirmed pledge that all excess cash flows will go...
Keyera, Ovintiv Start Up Montney Pipestone Processing Complex
Ovintiv Inc. and Keyera Corp. have announced the start-up of the Pipestone Processing Facility, a natural gas processing and liquids stabilization plant supporting the Company's high-return, condensate-rich Montney development. The gas plant is located west of...
Insiders Buying and Selling Company Stock : Week Ending 9/20/2020
Notable Buyers. Ben Brigham and Kari at Brigham Minerals buying CEO Olivier from Schlumberger purchased 25k shares at $17.95 CFO George from Centennial REsources purchased 25k shares at $0.54/share Enlarge
PetroChina, Ovintiv End Duvernay JV; Will Split Up the Asset
Ovintiv Inc. has closed an agreement with PetroChina Canada Ltd. to terminate the parties' joint venture and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta. The JV was initially formed in...
Ovintiv/Encana Second Quarter 2020 Results
Ovintiv Inc. reported its Q2 2020 results. Highlights: New 2020 Capex program, $1.8 billion vs $1.850 billion. Second quarter average drilled and completed (D&C) well costs were approximately 15% lower than 2019 average results, and three-quarters...
Ovintiv Cutting Workforce in Calgary, Texas Offices; Field Staff Also Affected
Ovintiv Inc. (formerly Encana) is making workforce cuts as low prices continue to put pressure on operator's financials, according to multiple reports. The layoffs will affect workers at both of its offices across North America, which...
Ovintiv President Retires, CEO to Absorb Role; New Chairman Tapped
Ovintiv Inc. announced that Peter A. Dea will succeed Clayton H. Woitas, 71, as its chairman of the board. Ovintiv President Michael McAllister also announced plans to retire after 20 years with the company. Upon McAllister's...
Ovintiv Inc. First Quarter 2020 Results
Ovintiv Inc. reported its Q1 2020 results. Actions Taken in Response to Current Low Oil Price Environment: Second quarter planned capital investments reduced 60%. Company doubles its initial estimate of 2020 cash cost savings to $200...
Ovintiv Axes Additional $200MM from 2020 Budget; Updates Hedges
Ovintiv Inc. restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020. 2020 Budget Cut by Further $200MM In addition, the Company now plans to further reduce its second quarter...
Ovintiv (Encana) Dropping 10 Rigs Immediately; Six More by May (Total of 16)
Ovintiv Inc. (Encana) reported that it is immediately releasing 10 operated rigs and plans to drop a further six rigs by May (2Q2020), for a total loss of 16 rigs. Additionally, the company is reducing its...
Ovintiv/Encana Cuts STACK Ops in Favor of Permian, Montney; Well Count Down
Ovintiv Inc. (formerly Encana Corp.) has reported its plans for 2020 as well as its Q4 2019 results. Quick Read Production : Oil to grow +4% Y/Y Capex : Capex down -3% to $2.7 billion Wells...
STACK E&Ps; Outline 2020 Dev Plans; Rigs & Completions Counts
What a difference a year has made, especially when it comes to the Anadarko Basin. Below is chart showing the 2020 vs. 2019 completion programs for some of the STACK/SCOOP operators. Activity has seen a dramatic...
Ovintiv (Formerly Encana) Touts STACK/SCOOP Results, But Numbers are Misleading
On January 28, Encana Corp. (now known as Ovintiv Inc.) released a new presentation where it touted its development / production on the asset (Anadarko STACK) that it acquired through its takeover of Newfield Exploration. Ovintiv...
Encana Completes Rebranding; Emerges as US-Based Ovintiv Inc.
Encana Corp. has completed a series of reorganization transactions, resulting in the following: Establishing its corporate domicile in the U.S. Rebranding under the name Ovintiv Inc. Completing a consolidation and share exchange for effectively one share...
Encana Moving Headquarters to the US; Changing Name
Encana Corp. announced it is changing its name to Ovintiv Inc. and moving its headquarters from Canada to the U.S. The company will continue to trade on the New York Stock Exchange (NYSE) and the TSX...