- Business
- Ovintiv Inc. is a leading North American exploration and production company that explores, develops, produces and markets natural gas, oil and natural gas liquids, with a multi-basin portfolio concentrated in the Permian and Anadarko basins in the United States and the Montney formation in Canada; core products include light and medium crude oil, condensate, natural gas and natural gas liquids such as ethane, propane, butane, isobutane and natural gasoline, targeting refineries, utilities, industrial users, petrochemical plants, fractionators and export facilities. Headquartered in Denver, Colorado, the company traces its roots to 1881 through the Canadian Pacific Railway's early natural gas discoveries, evolving through innovations in slant drilling, horizontal drilling and cube development techniques across its USA and Canadian operations. In recent developments, Ovintiv completed the acquisition of Montney assets from Paramount Resources Ltd. in January 2025, sold substantially all Uinta Basin assets to FourPoint Resources LLC in January 2025, reached an agreement to acquire NuVista Energy Ltd. to expand its Alberta Montney oil window position with approximately 109,000 net acres and 70 thousand barrels of oil equivalent per day, and plans to divest Anadarko assets by 2026 while enhancing production guidance and returning capital to shareholders.