HOUSTON, TEXAS (By Ovintiv, 29.Jan.2026, Words: 151) — Ovintiv Inc. announced that Gregory P. Hill has been appointed as an independent member of its board of directors, effective 30 Jan. 2026. Hill, 64, retired in 2025 as president, worldwide exploration & production and executive vice president of Hess Corporation. During more […]
Tag: Ovintiv Inc
Ovintiv inks 12 year LNG export deal for 0.5 MTPA of Cedar LNG capacity
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Dec.2025, Words: 179) — Ovintiv Inc. and a subsidiary of Pembina Pipeline Corporation inked a 12-year agreement for 0.5 million tonnes per annum (MTPA) of Pembina’s liquefaction capacity at the Cedar LNG facility. The deal enables LNG exports under which Pembina will […]
Ovintiv Eyes Production of 595,000-615,000 boe/d in 2025 with Montney Leading the Way
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Ovintiv Inc. revealed its full year 2025 capital program of $2.15bn-$2.25bn, which is expected to deliver total production volumes of 595,000-615,000 barrels of oil equivalent per day (boe/d), including oil and condensate volumes of 202,000-208,000 b/d. This compares to average total […]
Ovintiv Closes $2bn Uinta Asset Divestment to FourPoint Resources
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 22.Jan.2025) — Ovintiv Inc. closed a previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC for $2bn. “The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our […]
Ovintiv Inks $2.4bn to Add Core Oil-Rich Montney Assets
(Ovintiv, 14.Nov.2024) — Ovintiv Inc.entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd., in an all-cash transaction valued at approximately $2.377bn (C$3.325bn). Upon closing, the acquisition will add approximately 70 MBOE/d of production (approximately 25 Mbbls/d of oil and condensate), 900 net 10,000 foot equivalent […]
Ovintiv Reveals Governance, Environmental Initiatives
(Ovintiv, 17.Feb.2021) — Ovintiv Inc., in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives. Highlights: — Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the […]