OVV
TSX · Montney and U.S. shale · 5 desk pieces in archive
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On July 10 the B.C. Environmental Assessment Office amended Cedar LNG's certificate to 500 MMcf per day of liquefaction, about 3.75 million tonnes a year, up from 3.0. Pembina and the Haisla Nation still target in-service in late 2028.
On August 26 Ovintiv said it entered more than 60 transactions year to date adding about 41,000 net acres across the Permian and Montney for roughly $460 million. The deals add 240 net 10,000-foot equivalent locations. About half the spend is in each basin.
On August 26 Ovintiv said its 2026 ground game has more than 60 deals for about 41,000 net acres in the Montney and Permian at about $460 million. That is 240 net 10,000-foot locations. Remaining closes are aimed at year-end. The company reports in U.S. dollars. These are inventory adds, not a production raise.
Ovintiv's July 23 Q2 release put volumes at 615,000 boe/d and oil and condensate at 206,000 barrels a day. Anadarko closed for about $2.82 billion. Full-year oil and condensate is now 210,000 to 212,000 barrels a day. Capital did not move.
B.C. approved Cedar LNG at 3.75 million tonnes a year, up 25 percent. The Haisla-majority plant targets late 2028. Woodfibre near Squamish is about 60 percent built for 2027. Together with Kitimat they would give Canada three Pacific export docks.