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BS - Ovintiv’s strong infill performance boosting Bakken inventory - January 21, 2020
Recent infill spacing results are giving Ovintiv confidence that its Williston Basin inventory is much larger than initially estimated at the time of its Newfield Exploration purchase in early 2019. Legacy parent wells were drilled on 1,320-ft spacing but the company formerly known as Encana now believes 660-ft or even tighter spacing may be advantageous. Additionally, Ovintiv is using larger frac jobs of up to 700 lb of proppant per lateral ft and has......
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