Ovintiv recorded an increase of 9.52% in total oil and gas production to 2,54,103 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Ovintiv declined 12.05% in June 2020 from 2,88,902.48 boe/d in June 2019.
On a YTD basis, the company’s total oil and gas production increased by 0.12% from the same period in 2019.
The company’s oil production grew 10.99% to 1,93,153.68 bd in June 2020 from the previous month, while gas production up by 5.1% to 353.5 mmcf/d. On a YTD basis, oil production decreased by 4.29% in 2020 when compared with the same period in 2019, while gas production rose by 16.57%. Out of the total oil and gas production in June 2020, oil production held a 76.01% share, while gas production held a 23.99% share.
Looking at the states where Ovintiv recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 0.9% share. The company produced 1,37,822.42 boe/d in the state in June 2020, an increase of 6.72% from the previous month.
On a YTD basis, the company produced 8,19,464.23 boe/d in Texas in 2020, recording a decrease of 48.08% from the same period in 2019.
Ovintiv witnessed the highest oil and gas production in Martin county in June 2020. Out of all the counties, Martin county held a share of 20.17% for the firm. The company produced 51,240.48 boe/d in Martin county in June 2020, an increase of 24.9% in production when compared with the previous month.
On a YTD basis, the county produced 2,63,828.66 boe/d for the company in 2020, a 17.13% increase from the same period in 2019.
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.