Ovintiv

The Denver-based independent is boosting its position in the Canadian shale play by 109,000 net acres, and about 70,000 BOE/D.

The Denver-based company bulks up its Permian position with the purchase of three EnCap Investment portfolio companies.

Shale producers have learned in recent years that their fracture plugs may not be holding up as well as they thought. One of the first operators to realize the true scope of the issue is now sharing the pathway it took to solving it.

Skipping one traditional step in the supply chain might save oil and gas companies hundreds of millions of dollars a year while making a meaningful dent in emissions.

The large independent says while it is proud of its origins and history, it must make a move to attract new investment and be seen more as an oil producer than a gas producer.