Montney (Ovintiv Inc) BC is a producing unconventional gas field located onshore Canada and is operated by Ovintiv.
Field participation details
The field is owned by Ovintiv.
Production from Montney (Ovintiv Inc) BC
The Montney (Ovintiv Inc) BC unconventional gas field recovered 31.87% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 0.07 thousand bpd of crude oil and condensate, 1,304 Mmcfd of natural gas and 77.03 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,286.09 Mmboe, comprised of 0.08 Mmbbl of crude oil & condensate, 5,697.02 bcf of natural gas reserves and 336.5 Mmbbl of natural gas liquid reserves. Montney (Ovintiv Inc) BC unconventional gas field reserves accounts 1.10% of total remaining reserves of producing unconventional gas fields globally.
About Ovintiv
Ovintiv Inc (Ovintiv), is an oil and gas producer. The company explores, develops, produces and markets natural gas, oil and natural gas liquids (NGLs). Its major resource plays include Montney, Duvernay, Deep Panuke, Wheatland Oil play, Horn River and other emerging plays in Canada. In the US its assets include Permian and Eagle Ford. Ovintiv’s natural gas is mainly marketed to local distribution companies, industrials, other producers and energy marketing companies. The company sells its oil, NGLs and condensate to markets in Canada and the US. Ovintiv is headquartered in Calgary, Alberta, Canada.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.