Ovintiv

On January 24, 2020, after receiving shareholder approval, the company completed the transfer of its corporate domicile from Canada to the United States,{{cite press release |title=Encana completes reorganization and establishes corporate domicile in the U.S. |url=https://www.prnewswire.com/news-releases/encana-completes-reorganization-and-establishes-corporate-domicile-in-the-us-300992926.html |publisher=PR Newswire |date=January 24, 2020}}{{cite news | url=https://business.financialpost.com/commodities/energy/doug-suttles-transforms-headquarter-less-encana-with-7-7-billion-deal-to-buy-newfield | title=Doug Suttles transforms 'headquarter-less' Encana with $7.7-billion deal to buy Newfield | first=Geoffrey | last=Morgan | work=Financial Post | date=November 1, 2018}} Ovintiv Canada ULC retains an office in Calgary.{{Cite web |last= |date=2022-05-19 |title=Regulatory Action – Ovintiv Canada ULC |url=http://nuclearsafety.gc.ca/eng/acts-and-regulations/regulatory-action/ovintiv-canada-ulc.cfm |access-date=2022-06-23 |website=Canadian Nuclear Safety Commission |language=en}}

In June 2020, the company announced layoffs of 25% of its workforce.{{Cite news | url=https://www.cbc.ca/news/business/ovintiv-encana-layoffs-1.5616174 | title=Oil and gas company Ovintiv, formerly Encana, laying off workers across North America | first=Tony | last=Seskus | work=CBC News | date=June 17, 2020}}{{Cite news | url=https://www.reuters.com/article/us-ovintiv-layoffs/ovintiv-lays-off-25-of-workforce-after-oil-demand-slumps-idUSKBN23P3O8 | title=Ovintiv lays off 25% of workforce after oil demand slumps | first1=Shanti S. | last1=Nair | first2=Shariq | last2=Khan | work=Reuters | date=June 18, 2020}}{{Cite news | url=https://calgaryherald.com/commodities/energy/ovintiv-cutting-jobs-across-north-america/wcm/544ce142-3f83-4b81-b18b-3b8180000066/ | title=Ovintiv cutting jobs in Calgary, Denver and Texas as drilling slows | first=Kevin | last=Orland | agency=Bloomberg News | publisher=Calgary Herald | date=June 17, 2020}}

In 2021, the company's average production was {{convert|533.9|e3BOE|lk=in}} per day, of which 26% was petroleum, 25% was natural gas liquids, and 49% was natural gas. Of 2021 production, 56% was in the United States and 44% was in Canada.

In October 2004, EnCana sold its UK unit, including a 43% stake in the Buzzard field (discovered in 2001 by a PanCanadian-led group), to Nexen for $2.1bn US.{{Cite news |date=October 29, 2004 |title=Nexen buys EnCana unit |newspaper=The Globe and Mail |url=https://www.theglobeandmail.com/report-on-business/nexen-buys-encana-unit/article1143338/}}

In January 2007, the company sold its assets in Chad to China National Petroleum Corporation for $202.5 million.{{cite news|date=January 21, 2007|title=CNPC buys EnCana's Chad operations for $202.5 mln|work=Reuters|url=https://www.reuters.com/article/encana-cnpc-idUSN1232377320070112}}{{cite news|date=January 15, 2007|title=CNPC International to buy EnCana's Chad holdings|work=Oil & Gas Journal|url=https://www.ogj.com/articles/2007/01/cnpc-international-to-buy-encanas-chad-holdings.html}}

In May 2007, the company sold its assets in the delta of the Mackenzie River.{{cite news|last=EBNER|first=DAVID|date=May 9, 2007|title=MGM Energy buys into several EnCana assets|work=The Globe and Mail|url=https://www.theglobeandmail.com/report-on-business/mgm-energy-buys-into-several-encana-assets/article962318/}}

In 2009, EnCana's oil business was spun-off as Cenovus Energy.{{cite news |last=Haggett |first=Scott |date=November 30, 2009 |title=EnCana wraps up spinoff of its oil business |work=Reuters |url=https://www.reuters.com/article/encana-cenovus/encana-wraps-up-spinoff-of-its-oil-business-idUSN3025130420091130}}

In November 2011, a potential buyer backed out of a $45 million deal to buy the company's gas field in Pavillion, Wyoming.{{cite news|last=Lustgarten|first=Abrahm|date=November 29, 2011|title=Company Backs out of $45 Million Deal to Buy Troubled Wyoming Gas Field|work=ProPublica|url=https://www.propublica.org/article/company-backs-out-of-45-million-deal-to-buy-troubled-wyoming-gas-field}}

In December 2011, the company sold the majority of its natural gas producing assets in the Barnett Shale.{{cite news|last=Joyce|first=Matt|date=December 22, 2011|title=Encana closes sale on most Barnett assets|work=American City Business Journals|url=https://www.bizjournals.com/dallas/news/2011/12/22/Encana-closes-sale-on-most.html}}

In February 2012, Mitsubishi paid approximately C$2.9 billion for a 40% interest in the Cutbank Ridge Partnership with Encana, which involves 409,000 net acres of Montney Formation natural gas lands in northeast British Columbia.{{cite news|date=February 27, 2012|title=Encana Completes Cutbank Ridge Deal with Mitsubishi|work=LNG World News|url=https://www.lngworldnews.com/canada-encana-completes-cutbank-ridge-deal-with-mitsubishi/}}{{cite news|last=DE LA MERCED|first=MICHAEL J.|date=February 17, 2012|title=Mitsubishi Buys 40% Stake in Encana Shale Gas Assets|work=The New York Times|url=https://dealbook.nytimes.com/2012/02/17/encana-strikes-2-9-billion-shale-deal-with-mitsubishi/|url-access=subscription}} The company also sold its midstream assets in the Cutbank Ridge to Veresen for C$920 million.{{cite press release|url=https://www.businesswire.com/news/home/20120209005934/en/Encana-closes-C920-million-sale-Cutbank-Ridge|title=Encana closes C$920 million sale of Cutbank Ridge midstream assets|publisher=Business Wire|date=February 9, 2012}}

In June 2014, the company sold its Bighorn assets in Alberta to Jupiter Resources for US$1.8 billion.{{cite press release|url=https://www.globenewswire.com/news-release/2014/06/27/1023740/0/en/Encana-Reaches-Agreement-to-Sell-Bighorn-Assets-to-Jupiter-Resources-for-Approximately-US-1-8-Billion.html|title=Encana Reaches Agreement to Sell Bighorn Assets to Jupiter Resources for Approximately US$1.8 Billion|publisher=GlobeNewswire|date=June 27, 2014}}

In November 2014, the company acquired Athlon Energy for $7.1 billion.{{cite news|date=November 13, 2014|title=Encana completes acquisition of Athlon Energy|work=Oil & Gas Journal|url=https://www.ogj.com/articles/2014/11/encana-to-acquire-athlon-energy-enter-permian.html}}

In May 2014, Jonah Energy LLC acquired the company's Jonah Field operations in Sublette County, Wyoming.{{cite press release|url=https://www.businesswire.com/news/home/20140512006370/en/Jonah-Energy-Completes-Acquisition-Jonah-Field-Operations|title=Jonah Energy Completes Acquisition of the Jonah Field Operations in Wyoming from Encana|publisher=Business Wire|date=May 12, 2014}}

In June 2014, the company acquired assets in the Eagle Ford Group from Freeport-McMoRan for $3.1 billion.{{cite press release|url=https://www.globenewswire.com/news-release/2014/06/20/1023735/0/en/Encana-Completes-3-1-Billion-Eagle-Ford-Acquisition.html|title=Encana Completes $3.1 Billion Eagle Ford Acquisition|publisher=GlobeNewswire|date=June 20, 2014}}

In August 2015, the company sold its assets in the Haynesville Shale for $850 million to affiliates of GSO Capital Partners and GeoSouthern Energy.{{cite news|last=Graeber|first=Daniel J.|date=August 25, 2015|title=Encana Corp. leaves Louisiana shale|work=United Press International|url=https://www.upi.com/Energy-News/2015/08/25/Encana-Corp-leaves-Louisiana-shale/7291440502907/}}

In December 2015, the company significantly cut its dividend and capital expenditures budget after a fall in energy prices.{{cite news|last=Pinto|first=Anet Josline|date=December 14, 2015|title=Canada's Encana slashes dividend, cuts capex|work=Reuters|url=https://www.reuters.com/article/us-encana-spending-idUSKBN0TX18B20151214}}

In July 2016, the company sold its assets in the Denver Basin for $900 million.{{cite news|last=SVALDI|first=ALDO|date=July 29, 2016|title=Encana Corp. completes sale of Denver-Julesburg Basin assets|work=The Denver Post|url=https://www.denverpost.com/2016/07/29/encana-sells-denver-julesburg-basin-assets/}}{{cite news|last=McKinnon|first=Judy|date=October 8, 2015|title=Encana to Sell Colorado Oil and Gas Assets for $900 Million|work=The Wall Street Journal|url=https://www.wsj.com/articles/encana-to-sell-colorado-oil-and-gas-assets-for-900-million-1444304727|url-access=subscription}}

In June 2017, the company sold its assets in the Piceance Basin for $735 million.{{cite press release|url=https://globenewswire.com/news-release/2017/06/09/1012004/0/en/Encana-announces-agreement-to-sell-its-Piceance-natural-gas-assets.html|title=Encana announces agreement to sell its Piceance natural gas assets|publisher=Globe Newswire|date=June 9, 2017}}{{cite news|date=June 9, 2017|title=BRIEF-Encana to sell its Piceance natural gas assets for $735 mln|work=Reuters|url=https://ca.reuters.com/article/idCAASA09TCN|archive-url=https://web.archive.org/web/20190306044114/https://ca.reuters.com/article/idCAASA09TCN|url-status=dead|archive-date=March 6, 2019}}

In May 2018, the company permanently ceased production at Deep Panuke. The Deep Panuke project produced and processed natural gas 250 kilometers offshore southeast of Halifax, Nova Scotia.{{cite web|title=Encana Corporation – Abandonment of Deep Panuke Offshore Gas Development|url=https://www.cer-rec.gc.ca/pplctnflng/mjrpp/ncndppnk/index-eng.html|publisher=National Energy Board}} The platform was sent for recycling in 2020.{{Cite news|date=August 7, 2020|title=Canada: Deep Panuke Offshore Platform Removed from Field|work=Offshore Engineer|url=https://www.oedigital.com/news/480763-canada-deep-panuke-offshore-platform-removed-from-field}}

In December 2018, the company sold its assets in the San Juan Basin for $480 million.{{cite press release|url=https://www.businesswire.com/news/home/20181227005352/en/DJR-Energy-Closes-Acquisition-Encana%E2%80%99s-San-Juan|title=DJR Energy Closes Acquisition of Encana's San Juan Basin Assets|publisher=Business Wire|date=December 27, 2018}}{{cite news|last=KOHLER|first=JUDITH|date=December 28, 2018|title=Denver-based DJR Energy closes $480M purchase of assets in San Juan Basin|work=The Denver Post|url=https://www.denverpost.com/2018/12/28/djr-energy-encana-san-juan-basin-deal/}}

In February 2019, the company acquired Newfield Exploration.{{cite press release|url=https://globenewswire.com/news-release/2019/02/13/1725049/0/en/Encana-completes-acquisition-of-Newfield-Exploration-to-create-North-America-s-premier-resource-company.html|title=Encana completes acquisition of Newfield Exploration to create North America's premier resource company|publisher=Globe Newswire|date=February 13, 2019}}{{cite news|last=Pulsinelli|first=Olivia|date=February 14, 2019|title=Encana closes multibillion-dollar acquisition of Woodlands co.|work=American City Business Journals|url=https://www.bizjournals.com/houston/news/2019/02/14/encana-closes-multibillion-dollar-acquisition-of.html}}

The company has a land position in Canada of 1.3 million net acres, of which about 773,000 net acres are undeveloped. Its assets in Canada are in the Montney Formation, where it has a partnership with Mitsubishi to develop Cutbank Ridge, Wheatland County, Alberta, and the Horn River Formation.

In February 2022, Ovintiv absorbed former subsidiary EWL Management LimitedCanadian Nuclear Safety Commission, [https://www.nuclearsafety.gc.ca/eng/pdfs/Regulatory_Action/2022/For-translation-1st-page-Order_Issued_to_Ovintiv_-Madawaska_Dyno_Order_2022.pdf Order Under Section 25 or Paragraph 37(2)(f) of the Nuclear Safety Control Act], 6 May 2022. ([https://web.archive.org/web/20220623143051/https://www.nuclearsafety.gc.ca/eng/pdfs/Regulatory_Action/2022/For-translation-1st-page-Order_Issued_to_Ovintiv_-Madawaska_Dyno_Order_2022.pdf archive]) making it the owner of five decommissioned mines in Ontario: Coldstream Copper Mine, Gordon Lake Mine, Greyhawk Mine (uranium), Dyno Mine (uranium), and Madawaska Mine (uranium) which is being rehabilitated to meet current compliant standards.{{Cite web | work=Canadian Nuclear Safety Commission |title=Independent Environmental Monitoring Program: Dyno, Bicroft, and Madawaska Mines |url=https://nuclearsafety.gc.ca/eng/resources/maps-of-nuclear-facilities/iemp/dyno-bicroft-madawaska-mines.cfm |date=September 21, 2020}}{{Cite web | url=https://gnssn-qa.iaea.org/RTWS/rsls-public/Shared%20Documents/Meetings/2nd%20Workshop,%202014,%20Canada/Presentations/David%20Lye,%20CNSC%20EWL%20-%20May%201,%202014.pdf | title=EWL Legacy Mine Properties Perpetual Management Strategy | date=May 1, 2014}}

In the United States, the company holds approximately 929,000 net acres of land, of which 152,000 net acres are undeveloped. It operates in the Permian Basin, Anadarko Basin, Uinta Basin, and the Bakken formation.

From 2008 through 2010, the company accumulated 250,000 net acres in the Collingwood-Utica Shale gas play in the Middle Ordovician Collingwood formation of the Michigan Basin at an average cost of $150/acre.{{cite news | url=https://www.ogj.com/articles/2010/05/michigan-collingwood-utica.html | title=Explorations: Michigan Collingwood-Utica gas play emerging | first=Alan |last=Petzet | work=Oil & Gas Journal | date=May 7, 2010}} In May 2012, the company paid about $185 an acre for oil and gas rights on 2,156 acres (873 hectares) at an auction by the Michigan Department of Natural Resources, which was "88 percent less than the average paid two years ago in the area".{{cite news | first=Joe | last=Carroll | title=Encana Expands in Michigan Shale Chesapeake Is Abandoning | url=https://business.financialpost.com/commodities/energy/encana-expands-in-michigan-oil-shale-chesapeake-is-abandoning | agency=Bloomberg News | work=Financial Post | date=June 27, 2012}}

In July 2012, Reuters reported about e-mails between the company and Chesapeake Energy, the second-largest natural gas producer in the U.S., to divide up Michigan counties state land leases to suppress land prices in an October 2010 auction.{{cite news | first1=Brian | last1=Grow | first2=Joshua | last2=Schneyer | first3=Janet | last3=Roberts | title=Special Report: Chesapeake and rival plotted to suppress land prices | url=https://www.reuters.com/article/us-chesapeake-land-deals-idUSBRE85O0EI20120625 | work=Reuters | date=June 25, 2012}} In 2013, a private landowner filed suit against the company and Chesapeake for bid rigging.{{cite news | first1=Brian | last1=Grow | first2=Joshua | last2=Schneyer | title=Chesapeake, Encana sued in civil antitrust action | url=https://www.reuters.com/article/us-chesapeake-encana-antitrust/chesapeake-encana-sued-in-civil-antitrust-action-idUSBRE91O15D20130225 | work=Reuters | date=February 25, 2013}} Justice Department and Michigan authorities were investigating whether state or federal laws were violated; the Internal Revenue Service and U.S. Securities and Exchange Commission also investigated.

While the case was dropped by the DOJ, Michigan's Attorney General followed up on the accusations, and Encana ended up with a fine of $5 million, and Chesapeake paid $25 million into a victim-compensation fund.{{cite journal |url=https://digitalcommons.law.ou.edu/cgi/viewcontent.cgi?article=1072&context=onej |title=Minimizing Antitrust Risks in Joint Ventures, Joint Bidding, and AMIs: A Review of Recent Enforcement Activities |journal=Oil and Gas, Natural Resources, and Energy Journal |volume=2| number=5| page=536| date=January 2017}}

In 2013, two property owners adjacent to a drilling unit filed suit against the Michigan Department of Environmental Quality (DEQ) and Encana for potential harm due to proximity. In October 2013, the judge of the Circuit Court of Ingham County issued an injunction against Encana starting to drill until an administrative hearing before DEQ's supervisor of wells had been completed, re part 12 of DEQ's rules for oil and gas operations.{{cite news | first=Lee | last=Smith | title=Michigan's fracking: Actors and issues | url=https://www.ourmidland.com/opinion/editorials/article/Michigan-s-fracking-Actors-and-issues-6928120.php | work=Midland Daily News | date=February 8, 2014}} In May 2014, the supervisor of wells found with Encana, that the petitioners did "not have standing", because they did not own land within the drilling unit and dismissed the case.{{cite web | url=https://www.michigan.gov/deq/0,4561,7-135-3311_4231-123734--,00.html | title=Supervisor of Wells Orders | website=Department of Environmental Quality | publisher=Michigan}}

In November 2013, Ecojustice, the Sierra Club and the Wilderness Committee filed a lawsuit against British Columbia's Oil and Gas Commission (OGC) granting Encana Corp. "repeated short-term water permits, a violation of the provincial water act".{{cite news | first=Dene | last=Moore | title=Fracking Lawsuit Targets EnCana, B.C. Oil And Gas Commission | url=https://www.huffingtonpost.ca/2013/11/13/fracking-lawsuit-encana_n_4268728.html | agency=The Canadian Press | work=HuffPost | date=November 13, 2013}} The Supreme Court in October 2014 upheld the validity of OGC's use of short-term water use approvals on a recurrent basis.{{cite web |last1=Theroux |first1=Michael P. |title=B.C. Supreme Court Upholds Recurring Short-Term Water Use Approvals|url=https://www.bennettjones.com/Blogs-Section/B,-d-,C,-d-,-Supreme-Court-Upholds-Recurring-Short-Term-Water-Use-Approvals |publisher= Bennett Jones LLP |date=15 October 2014 |access-date=17 May 2024}}

In spring 2008, residents from Pavillion, Wyoming, approached the United States Environmental Protection Agency (EPA) about changes in water quality from their domestic wells. Encana was the primary natural gas producer in the area. In 2009, the EPA announced that it had found hydrocarbon contaminants in residents' drinking water wells.{{cite web|date=August 2010 |title=Pavillion, Wyoming Groundwater Investigation: January 2010 Sampling Results and Site Update |url=https://www.epa.gov/sites/production/files/documents/PavillionWyomingFactSheet.pdf |publisher=United States Environmental Protection Agency}}

In Pouce Coupe British Columbia five explosions targeted Encana pipelines between October 2008 and January 2009; media reports indicate the pipeline may have been bombed by a disgruntled community member fearing the sour gas (containing hydrogen sulfide, which can be fatal if too much of it is inhaled) poses a danger to the community.{{cite news | url=https://www.cbc.ca/news/canada/british-columbia/latest-encana-pipeline-explosion-was-deliberate-rcmp-1.796019 | title=Latest EnCana pipeline explosion was deliberate: RCMP | work=CBC News | date=July 2, 2009}} Encana was fined CAD $250,000 under Canada's Environmental Emergency Act.{{Cite web|last=Narwhal|first=The|title=Meet the frackers: B.C.’s top 10 fracking companies, their subsidies, profits and taxes, revealed|url=https://thenarwhal.ca/bc-top-10-fracking-companies-subsidies-profits-taxes/|access-date=2021-10-09|website=The Narwhal|language=en}}

Encana's hydraulic fracturing operations in the United States are portrayed in the 2010 documentary, Gasland, which alleges that hydraulic fracturing causes pollution of ground and surface water, air, and soil.{{cite news | url=https://www.dallasnews.com/business/energy/2017/02/03/couple-featured-gasland-part-2-29-million-jury-award-reversed | title=Wise County couple that sued Plano gas company may lose their $2.9M judgment | first=Jeff | last=Mosier | work=The Dallas Morning News | date=February 3, 2017}}

Issues were raised for the Deep Panuke project offshore of Nova Scotia, when it was proposed in 2006 as a smaller version with increased ocean discharges and when Encana asked for a "streamlined regulatory process" without public hearings.{{cite news | url=https://www.cbc.ca/news/canada/nova-scotia/encana-unveils-smaller-deep-panuke-project-1.611319 | title=EnCana unveils smaller Deep Panuke project | publisher=CBC News | date=August 29, 2006}}

In British Columbia, between 2007 and 2019, Ovintiv was charged for breaching provincial legislation 19 times, more than any other company, as well as being fined the highest amount.

Michael G. McAllister, January 24, 2020 – June 30, 2020

Brendan M. McCracken, December 1, 2020 –

Clayton H. Woitas, January 24, 2020 – June 30, 2020

Peter A. Dea, June 30, 2020 –

{{Reflist}}

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