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December 6, 2021updated 27 Apr 2022 11:49am

Permian Basin Unconventional (Ovintiv Inc) TX Unconventional Oil Field, US

By Carmen

Permian Basin Unconventional (Ovintiv Inc) TX is a producing unconventional oil field located onshore the US and is operated by Ovintiv.

Field participation details

The field is owned by Ovintiv.


Production from Permian Basin Unconventional (Ovintiv Inc) TX

The Permian Basin Unconventional (Ovintiv Inc) TX unconventional oil field recovered 43.48% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 91.39 thousand bpd of crude oil and condensate, 176 Mmcfd of natural gas and 36.82 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2051.


Remaining recoverable reserves

The field is expected to recover 369 Mmboe, comprised of 253.11 Mmbbl of crude oil & condensate, 304.08 bcf of natural gas reserves and 65.21 Mmbbl of natural gas liquid reserves. Permian Basin Unconventional (Ovintiv Inc) TX unconventional oil field reserves accounts 0.46% of total remaining reserves of producing unconventional oil 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.

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