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Ovintiv Logo
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] |
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] |
Buzzard Oil Field
The Buzzard Oil Field is an oil field located in the North Sea Blocks 19/10, 19/5a, 20/6 and 20/1s. It was discovered in 2001 by PanCanadian, and developed initially by PanCanadian's successor EnCana and then by Nexen. The oil field was initially operated and owned by Nexen which is now a subsidiary of China's CNOOC. The field The total proven reserves of the Buzzard oil field are , and production will be centered on per day. The Buzzard reservoir has a low gas/oil ratio and requires pressure maintenance through water injection. Buzzard’s oil consists of medium sour crude: 32.6° API, 1.4% sulphur. Infrastructure The Buzzard field development comprises four bridge-linked steel platforms: the wellhead facilities (W) for up to 27 production wells, production facilities (P), a platform supporting accommodation and utilities (UQ) and an oil stripper platform (PS). Processing The oil processing facilities comprise a 3-phase (oil/vapour/water) Production Separator. Oil fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montney Formation
The Montney Formation is a stratigraphic unit of Lower Triassic age in the Western Canadian Sedimentary Basin in British Columbia and Alberta. It takes the name from the hamlet of Montney and was first described in Texaco's Buick Creek No. 7 well by J.H. Armitage in 1962. The well was drilled north of Fort St. John, immediately east of the Alaska Highway. Lithology The formation is composed of siltstone and dark grey shale, with dolomitic siltstone in the base and fine grained sandstone towards the top. The facies is shaley in the north and west of the extent ( Fort St. John), silty in the center (Dawson Creek and Pouce Coupe areas) and becomes coarser (sandy) in western Alberta ( Valleyview area). Oil and gas production The Montney Formation is a major shale gas and tight oil resource. A comprehensive joint study on the potential of the Montney Formation was completed by the National Energy Board, British Columbia Oil and Gas Commission and the Alberta Energy Regulator i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group traces its origins to the Mitsubishi zaibatsu, a unified company that existed from 1870 to 1946. The company, along with other major zaibatsu, was disbanded during the occupation of Japan following World War II by the order of the Allies. Despite the dissolution, the former constituent companies continue to share the Mitsubishi brand and trademark. While the group of companies engages in limited business cooperation, most notably through monthly "Friday Conference" executive meetings, they remain formally independent and are not under common control. The three main entities ('' gosanke'') are Mitsubishi UFJ Financial Group (the largest bank in Japan), Mitsubishi Corporation (a general trading company), and Mitsubishi Heavy Industries (a diversified manufacturing company). A 2020 estimate concluded that all the Mitsubishi compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market's edition named for that market, and also publishes '' Hemmings Motor News'' and '' Inside Lacrosse''. The company is owned by Advance Publications and receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website, using the overarching online title ''The Business Journal'', contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. it receives over 3.6 million readers each week. History American City Business Journals, Inc. was founded in 1982 by Mike K. Russell with the launch of the ''K ... [...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] |
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] |
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] |
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] |
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] |
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] |
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] |
