In 2024, Ovintiv expects to deliver total company oil and condensate production of greater than 200 Mbpd with total capital investment of $2.1 billion to $2.5 billion. The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbpd.
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Ovintiv Reports First Quarter 2023 Financial and Operating Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
- Ovintiv to Acquire Core Midland Basin euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Ovintiv has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of certain portfolio companies of funds managed by EnCap Investments, in a cash and stock transaction valued at approx. $4.275 billion. Upon closing, the acquisition will add approx. 1,050 net 10,000 foot well locations to Ovintiv s Permian inventory and approx. 65,000 net acres in the core of the Midland Basin.