2023 Outlook
With 2023 capital investment of approximately $2.25 billion at the midpoint, the Company expects to deliver total production volumes of 500 to 525 MBOE/d. This range reflects a flat production program relative to 2022. During the first half of the year, Ovintiv plans to bring wells online which were drilled but uncompleted in the fourth quarter of 2022.This will result in slightly higher capital expenditures in the first half of the year.
Ovintiv has a multi-basin portfolio with scale, anchored by large, contiguous positions in the heart of the Permian and Anadarko basins, and the Montney. Permian controlled approximately 108,000 net acres in the play. Anadarko controlled approximately 354,000 net acres in the play. Eagle Ford controlled approximately 42,000 net acres in the play.
Ovintiv ranks #14 in wells drilled in 2022 with 126 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Oil & Gas Permit Download
Ovintiv Well Permits
Ovintiv Air Permits
Ovintiv Drilling Rigs
Ovintiv News
