ADDED
Ovintiv s operations also include the marketing of oil, NGLs and natural gas.
Disciplined Capital Allocation - Ovintiv s capital investment strategy focuses on high-quality assets to generate cash flows and quality returns.
Sustainability Progress - Ovintiv embraces stakeholder and societal expectations as it continues to evolve in response to the changing landscape with respect to sustainability matters.
Ovintiv s operating and reportable segments are: USA Operations includes the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States, which includes Permian in west Texas and Anadarko in west-central Oklahoma.
Canadian Operations includes the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada, which includes Montney in northwest Alberta and northeast British Columbia.
9 USA Operations Overview: In 2025, the USA Operations had total capital investment of approximately $1,537 million, drilled 151 net wells primarily in Permian and total production averaged approximately 142.3 Mbbls/d of oil, approximately 87.3 Mbbls/d of NGLs and approximately 515 MMcf/d of natural gas.
As of December 31, 2025, the USA Operations had an established land position of approximately 720,000 net acres, including approximately 132,000 net undeveloped acres.
The USA Operations accounted for 64 percent of upstream production revenues, excluding the impacts of hedging, and 64 percent of total proved reserves as of December 31, 2025.
On February 17, 2026, the Company announced it had entered into a definitive agreement to sell its Anadarko assets, which include approximately 360,000 net acres, for proceeds of $3.0 billion before closing adjustments.
During 2025, the Company divested substantially all of its Uinta assets, which included approximately 126,000 net acres, for proceeds of approximately $1.9 billion, after closing and other adjustments.
REMOVED
Ovintiv's operations also include the marketing of oil, NGLs and natural gas.
Disciplined Capital Allocation - Ovintiv s capital investment strategy focuses on a limited number of high-quality assets to generate cash flows and quality returns.
Environmental, Social and Corporate Governance Progress - Ovintiv embraces stakeholder and societal expectations as it continues to evolve in response to the changing landscape with respect to environmental, social and governance matters.
Ovintiv s operating and reportable segments are: USA Operations includes the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States.
include Permian in west Texas, Anadarko in west-central Oklahoma and Uinta in northeastern Utah.
Canadian Operations includes the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada.
Plays in Canada include Montney in northeast British Columbia and northwest Alberta and Horn River in northeast British Columbia.
During the year ended December 31, 2024, Ovintiv reassessed its reportable segments and reclassified its Market Optimization segment to present the Company s market optimization activities in their respective USA and Canadian operating segments, which they support.
On January 22, 2025, the Company closed the divestiture of substantially all of its Uinta assets.
9 USA Operations Overview: In 2024, the USA Operations had total capital investment of approximately $1,868 million, drilled 204 net wells primarily in Permian and total production averaged approximately 167.9 Mbbls/d of oil, approximately 87.0 Mbbls/d of NGLs and approximately 537 MMcf/d of natural gas.