Ovintiv Inc (OVV) Earnings

Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The company is headquartered in Denver, Colorado and currently employs 1,465 full-time employees. The company went IPO on 2001-08-21. The firm is focused on developing a multi-basin portfolio of assets located in the United States and Canada. Its operations include marketing of oil, natural gas liquids and natural gas. Its assets include Permian Basin and Montney. The Permian Basin is an oil play, located in oil deposits in the United States, located in west Texas primarily in Midland, Martin, Andrews, Howard, Glasscock, Ector and Upton counties. The firm develops the play using its cube development model and multi-frac techniques. The Montney is a liquids and natural gas play located in northwest Alberta and northeast British Columbia. The play includes properties that are in the Montney formation, which is an oil and gas deposit in North America. The formation is characterized by up to six stacked horizons spanning over 1,000 feet of stratigraphy and is being developed through horizontal drilling and completion operations.