Ovintiv Inc. (formerly EnCana Corp.) history, profile and corporate video
Ovintiv Inc. (formerly EnCana Corp.) is a natural gas company. It focuses on its portfolio of natural gas resource plays in key basins from northeast British Columbia to east Texas and Louisiana. The company operates through two divisions: Canadian and USA. The Canadian division includes exploration, development, and production of natural gas, oil and NGLs and other related activities within Canada. Four key resource plays are located in this division: Greater Sierra in northeast British Columbia, including Horn River; Cutbank Ridge in Alberta and British Columbia, including Montney; Bighorn in west central Alberta; and Coalbed Methane in southern Alberta. This division also includes the Deep Panuke natural gas project offshore Nova Scotia. The USA division includes the exploration, development, and production of natural gas, oil and NGLs and other related activities within the USA Four key resource plays are located in this division: Jonah in southwest Wyoming; Piceance in northwest Colorado; Haynesville in Louisiana; and Texas, including East Texas and North Texas. The company was founded in 2002 and is headquartered in Calgary, Canada.“
“EnCana History
Encana. Over 125 years in the making.
Encana’s history touches on some of the most significant political and economic events in Canada and the world in the last 125 years: continental migration in the 1880s, the energy crisis of the 1970s, and the emergence of unconventional energy resources at the turn of the 21st century.
Created through the merger of PanCanadian Energy Corporation and Alberta Energy Company Ltd. in 2002, our predecessor companies’ roots go back as far as some of the world’s oldest petroleum companies.
Our strategy: unlock the tremendous value unrecognized within our asset base. Our industry-leading approach to resource development, called resource play hub, fosters the technological innovation and enterprise-wide collaboration key to achieving the highest levels of long-term capital and operating efficiency to create shareholder value.”
In October 2019, the company announced plans to move its operations from Canada to Denver, where its CEO lived, and change its name to Ovintiv.
*Information from Forbes.com and Encana.com
**Video published on YouTube by “Business Television“
