Ovintiv sees FY22 capital investment $1.8B

Tthe company said, "Ovintiv’s full year capital investment is expected to total approximately $1.8B, at the high end of the previous capital guidance range. Total BOE volumes have increased to 505 to 515 MBOE/d, reflecting strong new well production performance from the Montney. Fourth quarter and FY22 oil and condensate production volumes have been adjusted to include the expected impact of production clean-up on returning oil volumes following the resolution of line pressure issues in the Anadarko and the decision to delay the completion of certain wells across the U.S. assets to preserve capital discipline. Full year total cost guidance remains unchanged. The guidance assumes commodity prices of $80/bbl for WTI oil and $7/Mcf for NYMEX natural gas for the fourth quarter."