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MCS - Ovintiv Highlights - May 20, 2020
Ovintiv’s Q1 Anadarko Basin production of 161,000 boe/d (62% liquids) fell 2% sequentially but was up 11% compared to pro forma 1Q19 results. The company brought 27 net wells online in the basin during Q1. Completed well costs for 13 recent wells were under $5 million each, which is $3 million, or 40%, below pre2019 CWCs. Ovintiv expects future well costs will average about $5......
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