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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company’s production to third-party customers and enhancing the associated netback price. The segment’s activities also include third-party purchases and sales of product to provide operational flexibility.


NYSE:OVV - Post by User

Bullboard Posts
Post by dealmaker0on Sep 24, 2005 8:03pm
364 Views
Post# 9602909

US Gulf of Mexico oil output 100 pct shut-MMS

US Gulf of Mexico oil output 100 pct shut-MMS US Gulf of Mexico oil output 100 pct shut-MMS 24 Sep 2005 18:10:50 GMT Source: Reuters NEW YORK, Sept 24 (Reuters) - Offshore U.S. crude oil production in the Gulf of Mexico was totally shut on Saturday with natural gas output also lower, the U.S. Minerals Management Service said in its daily report logging the impact of Hurricane Rita and the prior Hurricane Katrina. MMS said the percentage of oil output shut was 100 percent, up from 99.125 percent on Friday. The normal daily oil output from Gulf of Mexico operations is 1.5 million barrels per day. The report said 1.5 million bpd of crude oil production was shut as Saturday, in contrast to 1.486 million bpd reported shut on Friday. For natural gas, 7.488 billion cubic feet per day, or 74.88 percent, was shut Saturday. On Friday, 7.204 bcfd, or 72.04 percent, was shut. The normal daily natural gas output is 10 bcfd.
Bullboard Posts