Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations.
June 13, 2023, 7:41 AM MDT
May 23, 2023, 12 AM MDT
STEP Energy Services Ltd. expects North American pressure pumping activity to slightly increase in the remainder of 2023 and then pick up the pace in 2024 as operators invest in new production in anticipation of LNG exports, company president and chief executive officer Steve Glanville told analysts at the company’s first quarter conference call.
May 12, 2023, 12 AM MDT
Nearly a decade after entering the Permian Basin, Ovintiv Inc. continues to find ways to improve well productivity and oil recovery, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter conference call.
May 12, 2023, 10:23 AM MDT
Higher well productivity in the Permian Basin resulted in growing production for Ovintiv Inc. in the first quarter of 2023, president and chief executive officer Brendan McCracken said in releasing the company’s first quarter results after market close on Tuesday.
May 10, 2023, 9:22 AM MDT
In total, 349 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in Q1-2023, a 43 per cent increase versus the same quarter in 2022.
May 10, 2023, 3:45 PM MDT
Enbridge Inc.’s liquids pipelines segment continues to advance the company’s U.S. Gulf Coast export strategy and the recent sanctioning of the Enbridge Houston Oil Terminal (EHOT) will strengthen the full-path service offering and “furthers our world-class export platform,” says Greg Ebel, president and CEO.
May 8, 2023, 6 AM MDT
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April 6, 2023, 10:53 AM MDT
Ovintiv Inc. has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, which are portfolio companies of funds managed by EnCap Investments L.P., in a cash and stock transaction valued at approximately $4.275 billion.
April 3, 2023, 5:08 AM MDT
Here are highlights of Ovintiv Inc.’s Permian deal announced this morning.
April 3, 2023, 5:28 AM MDT
Ovintiv Inc.’s acquisition of three private Permian operators provides the company with running room needed to deliver long term sustainable returns to shareholders, company president and chief executive officer Brendan McCracken told analysts at a conference call Monday morning announcing the acquisitions.
April 3, 2023, 1:04 PM MDT
Energy Transfer LP and Lotus Midstream LLC have entered into a definitive agreement pursuant to which Energy Transfer will acquire Lotus Midstream Operations, LLC in a transaction valued at approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream (EFM).
March 27, 2023, 5:54 AM MDT
Ensign Energy Services Inc. saw year-over-year “meaningful improvements” both operationally and financially for its fourth quarter 2022 and year-end results.
March 7, 2023, 6 AM MST
STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.
March 2, 2023, 5:24 AM MST
Current weakness in natural gas markets has Ovintiv Inc. shifting capital away from its Anadarko natural gas resource play into its U.S. oil plays and condensate-rich areas of the Montney, chief executive officer Brendan McCracken told analysts Tuesday at the company’s 2022 year-end and fourth quarter conference call.
March 1, 2023, 12 AM MST
High commodity prices resulted in Ovintiv Inc. generating net earnings of $3.6 billion in 2022, with free cash flow of $2.3 billion after capital expenditures of $1.8 billion.
February 28, 2023, 10:17 AM MST
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