Ovintiv President and CEO, Brendan McCracken. “Strong well performance across the portfolio, combined with the seamless integration of our new Permian assets, has allowed us to significantly exceed our oil and condensate guidance, reflecting both enhanced capital efficiency and higher returns on our invested capital.”
Ovintiv USA McClain County, OK well pad produces 1,500 barrels of oil a day
Another significant find of oil has been made in McClain County where Ovintiv USA Inc. reported two wells drilled on a single pad and combined production of nearly 1,500 barrels of oil a day.
Ovintiv Inc. completion of its $4.2 billion acquisition of core Midland Basin
Ovintiv Inc.announced this week the completion of its $4.2 billion acquisition of core Midland Basin assets in West Texas.
Ovintiv Snaps Up Midland Basin Inventory, Acreage in $4.2-Billion Cash-Stock Deal
Permian Basin shale producer Ovintiv is set to expand its operational footprint in the region with its acquisition of three private-equity backed operators for $4.275 billion in cash and stock.
Ovintiv 2023 Outlook
Ovintiv 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.
Ovintiv USA
Ovintiv USA ranks #18 in wells drilled in 2023 with 173 wells drilled in the US. Download 2023 drilling report.
Ovintiv’s continued success in Kingfisher County
Kingfisher County remains a gold mine for Ovintiv Inc. The company filed completion reports in recent days showing two wells on a single pad, each with production of more than 1,300 barrels of oil a day. That’s a combined 2,600 barrels of oil from the same pad.
Ovintiv wells in Canadian County
Oklahoma’s STACK came through in a big way for Ovintiv USA Inc. as the company just reported completion of three wells on a single pad with production of nearly 4,500 barrels of oil a day.
Ovintiv big winner in Oklahoma
Ovintiv has ~360,000 net acres held by production, primarily in the black oil window of SCOOP and STACK.
Ovintiv large producing oil wells in Oklahoma’s STACK
Ovintiv latest venture in Kingfisher County were two Connie Fed 1608 wells on a single pad at a site about 5 miles west of Kingfisher where combined production was nearly 2,200 barrels of oil a day.