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Ovintiv
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana. History On January 24, 2020, after receiving shareholder approval, the company completed the transfer of its corporate domicile from Canada to the United States, Ovintiv Canada ULC retains an office in Calgary. In June 2020, the company announced layoffs of 25% of its workforce. Hydrocarbon production In 2021, the company's average production was per day, of which 26% was petroleum, 25% was natural gas liquids, and 49% was natural gas. Of 2021 production, 56% was in the United States and 44% was in Canada. List of notable sales, mergers and acquisitions In October 2004, EnCana sold its UK unit, including a 43% stake in the Buzzard field (discovered in 2001 by a PanCanadian-led group), to Nexen for $2.1bn US. In January 2007, the company sold its assets in Chad to China National Petroleum Corporation for $202.5 million. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Encana
Encana Corporation was a Canadian independent petroleum company that existed from 2002 to 2020. The company, stylised as EnCana until 2010, was created by David P. O'Brien of PanCanadian Petroleum and Gwyn Morgan of the Alberta Energy Company through the merger of their companies. At the time of its creation Encana was the world's largest independent petroleum company by measure of its value, production, and reserves. Morgan ran the company from its inception through the end of 2005. During its early years, Encana established its reputation as Canada's flagship energy company and an icon of Western Canadian business. In September 2005 it became Canada's largest corporation by market capitalisation for a brief time. At the beginning of 2006, Morgan ceded the presidency to Randall K. Eresman. During the new president's first year, the company's profits were CAD 6.4 billion, which was the largest corporate profit in Canadian history. In 2009 Encana spun off its oil producing oper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denver
Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of Colorado. It is located in the Western United States, in the South Platte River, South Platte River Valley on the western edge of the High Plains (United States), High Plains east of the Front Range of the Rocky Mountains. With a population of 715,522 as of the 2020 United States census, 2020 census, a 19.22% increase since 2010 United States census, 2010, Denver is the List of United States cities by population, 19th most populous city in the United States and the fifth most populous state capital. Denver is the principal city of the Denver metropolitan area, Denver Metropolitan area (which includes over 3 million people), as well as the economic and cultural center of the broader Front Range Urban Corridor, Front Range, home to more than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barnett Shale
The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks dating from the Mississippian period (354–323 million years ago) in Texas. The formation underlies the city of Fort Worth and underlies 5,000 mi2 (13,000 km2) and at least 17 counties. As of 2007, some experts suggested that the Barnett Shale might have the largest producible reserves of any onshore natural gas field in the United States.Barnett Shale Economic Impact Study May 2007, p. 16. The field is thought to have of recoverable natural gas, and of natural gas in place. Oil also has been found in lesser quantities, but sufficient (with high oil prices) to be commercially viable. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cenovus Energy
Cenovus Energy Inc. (pronounced se-nō-vus) is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place, having completed a move from the neighbouring Bow in 2019. History Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming focused on oil sands assets. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin. Cenovus completed the acquisition of Husky Energy for C$3.9 billion in stock in January 2021. The combined company is Canada’s third-largest crude oil and natural gas producer and the second-largest Canadian-based refiner and upgrader. Operations Oil sands Cenovus has four producing projects in the oil sands – Foster Creek, Christina Lake (Alberta), Sunrise (jointly owned wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Petroleum Corporation
The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing, Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue. Corporate structure CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, Oil refinery, refining and marketing, chemicals and natural gas businesses. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina. In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil & Gas Journal
The ''Oil & Gas Journal'' is a leading petroleum industry weekly publication with a worldwide coverage. It is headquartered in Tulsa, Oklahoma, United States and the journal has a major presence in Houston, Texas, United States. The journal is published by Endeavor Business Media. Its publisher is Paul Westervelt, and editor is Bob Tippee. The first issue was published in 1902. Its online information services started in 1994. LexisNexis database describes the ''Oil & Gas Journal'' as an authoritative source on the petroleum industry aimed at engineers, oil management and executives throughout the oil and gas industry. The weekly publishes news, analysis, statistics, and technology updates on exploration, drilling, production, pipeline, transportation, refining, processing and marketing. It is a subscription trade publication. The ''Oil & Gas Journal'' has about 20,000 subscribers for the printed issue and 80,000 for digital subscriptions. The ''Oil & Gas Journal'' bega ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mackenzie River
The Mackenzie River (French: ; Slavey language, Slavey: ' [tèh tʃʰò], literally ''big river''; Inuvialuktun: ' [kuːkpɑk], literally ''great river'') is a river in the Canadian Canadian boreal forest, boreal forest and tundra. It forms, along with the Slave River, Slave, Peace River, Peace, and Finlay River, Finlay, the longest river system in Canada, and includes the second largest drainage basin of any North American river after the Mississippi River, Mississippi. The Mackenzie River flows through a vast, thinly populated region of forest and tundra entirely within the Northwest Territories in Canada, although its many tributaries reach into five other Provinces and territories of Canada, Canadian provinces and territories. The river's mainstem (hydrology), main stem is long, flowing north-northwest from Great Slave Lake into the Arctic Ocean, where it forms a large River delta, delta at its mouth. Its extensive watershed drains about 20 percent of Canada. It is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pavillion, Wyoming
is a town in Fremont County, Wyoming, United States. The population was 231 at the 2010 census. History Fracking and water quality In 2008, rural residents five miles east-northeast of complained of discolored water, foul smells and illness that they suspected was due to fracking, and the EPA opened an investigation.Abrahm Lustgarten"Feds Warn Residents Near Wyoming Gas Drilling Sites Not to Drink Their Water"ProPublica (September 1, 2010). Retrieved May 19, 2011Nicholas Kusnetz"Wyoming Fracking Rules Would Disclose Drilling Chemicals"ProPublica (September 14, 2010). Retrieved May 19, 2011 In 2010, the EPA investigators warned the affected rural residents not to drink their water after finding benzene, naphthalene, phenols, and metals in the water and recommended that the affected rural residents use fans while bathing or washing clothes to avoid the risk of explosion. As of September 2012 testing and discussion about the results was still ongoing. Eventually, in 2016, a study ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ProPublica
ProPublica (), legally Pro Publica, Inc., is a nonprofit investigative journalism organization based in New York City. ProPublica's investigations are conducted by its staff of full-time reporters, and the resulting stories are distributed to news partners for publication or broadcast. In some cases, reporters from both ProPublica and its partners work together on a story. ProPublica has partnered with more than 90 different news organizations and has won several Pulitzer Prizes. In 2010, ProPublica became the first online news source to win a Pulitzer Prize; the story chronicled the urgent life-and-death decisions made by one hospital's exhausted doctors when they were cut off by the floodwaters of Hurricane Katrina,''The Guardian'', April 13, 2010Pulitzer progress for non-profit newsProPublicaPulitzer Prize in Investigative Reporting: Deadly Choices at Memorial and it was published both in the ''New York Times Magazine'' Sheri Fink, ''New York Times Magazine'', August 25, 2009 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
