Burnaby Now4m
Ovintiv moves deeper into Montney region with $3.3B asset purchase from Paramount
The massive price discount on Canadian oil and gas assets compared with those south of the border was likely a major factor ...
Ovintiv to acquire certain Montney assets from Paramount for $2.38B
Ovintiv (OVV) announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources, in an ...
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion
By Vallari Srivastava (Reuters) -Shale producer Ovintiv said on Thursday it was acquiring oil assets from Paramount Resources ...
Ovintiv Shakes Up Portfolio With $2.38 Billion Montney Acquisition And $2 Billion Uinta Basin Sale, Pauses Buyback
Ovintiv to buy Montney assets from Paramount Resources for $2.377B, sell Uinta Basin assets for $2.0B, boosting 2025 free ...
Plugged wells and reduced injection lower induced earthquake rates in Oklahoma, study finds
Wastewater injection resulting from oil and gas production in Oklahoma caused a dramatic rise in seismic activity in the ...
Yahoo5h
Coterra Energy announces $3.95bn acquisitions in Permian Basin
The acquired assets are expected to produce an estimated 60–70 million barrels of oil equivalent ... enhancing Coterra's ...
Rigzone7h
Houston Based Coterra Announces Accretive Permian Deals for Near $4B
In a statement posted on its website on Wednesday, Houston headquartered Coterra Energy Inc. (NYSE: CTRA) announced ...
Oilfield Technology10h
EIA: US associated natural gas production increased nearly 8% in 2023
Record US crude oil production in 2023 generated large volumes of associated natural gas. The Permian Basin in West Texas and ...
Coca-Cola Is a Passive Income Powerhouse, but So Is This Cash-Gushing Oil Stock That Plans to Pay Over $11 Billion in Dividends by the End of the Year
Chevron is projected to pay around $11.8 billion in dividends in 2024, which is even more than well-known passive income ...
Permian Productivity to Offset Declines in Forecast Commodity Prices
While these arrangements left Oxy with a heavy debt burden prior to the pandemic, drastic measures helped management steady the ship, and the firm took full advantage of the subsequent rebound in ...
devdiscourse20h
Coterra Energy's Strategic Permian Basin Expansion
Coterra Energy Inc. has unveiled plans to expand its presence in the Permian Basin through major acquisitions ... Additionally, the company's oil production is expected to reach 150-170 MBOD, with ...
Oil20h
Ovintiv to add Montney assets, simultaneous Uinta divestiture makes for minimal cash outlay
About 85-90% of 2025 total capital is expected to be allocated to the Permian basin and the Montney, the company said. Total 2025 average oil and condensate production volumes of about 205,000 b/d are ...