World-Class Assets
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.
This high-quality portfolio is underpinning our strong financial and operating performance, and provides for the development of high-return liquids developments, moderate growth, free cash generation and a return of cash to our shareholders.
Multi-Basin, Multi-Product Assets
Montney
Montney
The Montney is located in western Canada and is one of the largest unconventional oil and gas deposits in North America. The world class play spans ~50,000 square miles and is up to 1,000 feet thick through the core with multiple target horizons—making this play ideal for Ovintiv’s proven cube development approach.
Strong market access, significant land position through the core of the Montney and proven development of the multi-product fairway maximizes the value of our resource.
Permian Basin
Permian
The Permian Basin is one of the largest known oil deposits in the U.S. with multiple benches of oil-saturated rock. Ovintiv’s acreage is located in the prolific, oil-rich Midland Basin in Texas. Our primary focus is on the development of the Spraberry and Wolfcamp formations in the Midland Basin, where Ovintiv holds a large position. Leading in cycle times and water management operational practices, we continue to deliver improved well results with superior capital efficiencies.