NEW E&P MODEL DELIVERING 3Q20 Ahead of Plan Cash Flow Net Debt Reduction 398 MM Liquidity 217 MM reduction QoQ 1.53/ share Adj. EBITDA 487 MM 3.1B Available to 2024 Beat 3Q20 Guidance Free Cash Flow 200 MM Savings 186…
2020 Third Consecutive Year of Free Cash Flow Delivering free cash flow in a volatile year 217 MM Similar debt reduction expected in 4Q20 3Q20 Net Debt…
DRIVING CAPITAL EFFICIENCY Track Record of Enhancing Efficiency Achieved 20% D&C efficiencies in 3Q20 2021 Well Cost Estimates ( MM) Achieved efficiencies ahead of schedule Previous (2Q20) NEW (3Q20) Innovation continues to drive lower…
Proving World Class Operatorship Drilling Total Well (ft) / day1 Permian 2,000 Simul-Frac results leading to increased completion rates and 350k 400k savings per well 1,500 Anadarko 4.6 MM go-forward D&C (3.3 MM savings vs…
OVV is the New E&P Premier Multi-Basin Portfolio Our Priorities Reduce Debt (1) 20 will be 3rd consecutive year of FCF 217 MM 3Q20 reduction & similar expected in 4Q20 Montney Maintain Scale 200 Mbbls/d crude and condensate…
Additional Framework on New E&P Model 1B debt reduction 2H20 YE21 (1) 1 Reduce…
Industry Leader in ESG Industry leading reporting and performance Performance & Reporting Alignment to Task Force on Climate-related Financial Disclosure (TCFD) Utilizing Sustainability Accounting Standards Board (SASB) guidance 15…
We are the New E&P We have a history of leading the industry towards the era of the New E&P Focus on execution efficiency, disciplined capital allocation, and generating free cash flow Doug Suttles, October 2017 Key Ingredients Track…
Notes Slide 4 Slide 16 1) DC&E includes: drill, complete, facilities and on lease tie in costs. STACK and Permian well lengths 1) Hedges as of October 16, 2020 For more information on Ovintivs Financial Instruments and Risk Management…
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