Ovintiv Inc. is an American independent petroleum company. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana. Ovintiv is incorporated in Delaware and headquartered in Denver, Colorado.
Petroleum production in Canada is a major industry which is important to the economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
The San Juan Basin is a geologic structural basin located near the Four Corners region of the Southwestern United States. The basin covers 7,500 square miles and resides in northwestern New Mexico, southwestern Colorado, and parts of Utah and Arizona. Specifically, the basin occupies space in the San Juan, Rio Arriba, Sandoval, and McKinley counties in New Mexico, and La Plata and Archuleta counties in Colorado. The basin extends roughly 100 miles (160 km) N-S and 90 miles (140 km) E-W.
Natural gas has been used almost as long as crude oil in Canada, but its commercial development was not as rapid. This is because of special properties of this energy commodity: it is a gas, and it frequently contains impurities. The technical challenges involved to first process and then pipe it to market are therefore considerable. Furthermore, the costs of pipeline building make the whole enterprise capital intensive, requiring both money and engineering expertise, and large enough markets to make the business profitable.
The Cardium Formation is a stratigraphic unit of Late Cretaceous age in the Western Canada Sedimentary Basin. It takes the name from the fossilized heart-shaped cockle shells in the family Cardiidae present. It was first described along the Bow River banks by James Hector in 1895. It is present throughout western Alberta and in northeastern British Columbia, and it is a major source of petroleum and natural gas.
The Fernie Formation is a stratigraphic unit of Jurassic age. It is present in the western part of the Western Canada Sedimentary Basin in western Alberta and northeastern British Columbia. It takes its name from the town of Fernie, British Columbia, and was first defined by W.W. Leach in 1914.
The Spirit River Formation is a stratigraphical unit of middle Albian age in the Western Canadian Sedimentary Basin.
The Clearwater Formation is a stratigraphic unit of Early Cretaceous (Albian) age in the Western Canada Sedimentary Basin in northeastern Alberta, Canada. It was first defined by R.G. McConnell in 1893 and takes its name from the Clearwater River near Fort McMurray.
The Doig Formation is a geologic formation of middle Triassic age in the Western Canadian Sedimentary Basin. It takes the name from Doig River, a tributary of the Beatton River, and was first described in the Texaco N.F.A. Buick Creek No. 7 well by J.H. Armitage in 1962..
The Horn River Formation is a stratigraphic unit of Devonian age in the Western Canadian Sedimentary Basin.
The Duvernay Formation is a stratigraphical unit of Frasnian age in the Western Canadian Sedimentary Basin.
The inclusion of unconventional shale gas with conventional gas reserves has caused a sharp increase in estimated recoverable natural gas in Canada. Until the 1990s success of hydraulic fracturing in the Barnett Shales of north Texas, shale gas was classed as "unconventional reserves" and was considered too expensive to recover. There are a number of prospective shale gas deposits in various stages of exploration and exploitation across the country, from British Columbia to Nova Scotia.
Crew Energy Inc. is a growth-oriented, liquids-rich natural gas producer, committed to pursuing sustainable per share growth through a balanced mix of financially responsible exploration and development complemented by strategic acquisitions. The Company’s operations are exclusively focused in the vast Montney resource, situated in northeast British Columbia, and include a large contiguous land base. Crew's liquids-rich natural gas areas of Septimus and West Septimus and Groundbirch in British Columbia offer significant development potential over the long-term. The Company has access to diversified markets with operated infrastructure and access to multiple pipeline egress options. Crew’s common shares are listed for trading on the Toronto Stock Exchange under the symbol “CR”.
Tight oil is light crude oil contained in unconventional petroleum-bearing formations of low permeability, often shale or tight sandstone. Economic production from tight oil formations requires the same hydraulic fracturing and often uses the same horizontal well technology used in the production of shale gas. While sometimes called "shale oil", tight oil should not be confused with oil shale or shale oil. Therefore, the International Energy Agency recommends using the term "light tight oil" for oil produced from shales or other very low permeability formations, while the World Energy Resources 2013 report by the World Energy Council uses the terms "tight oil" and "shale-hosted oil".
The Grosmont Formation is a stratigraphical unit of Frasnian age in the Western Canadian Sedimentary Basin.
Fracking is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants hold the fractures open.
The Sulphur Mountain Formation is a geologic formation of Early to Middle Triassic age. It is present on the western edge of the Western Canada Sedimentary Basin in the foothills and Rocky Mountains of western Alberta and northeastern British Columbia. It includes marine fossils from the time shortly after the Permian-Triassic extinction event.
Fracking in Canada was first used in Alberta in 1953 to extract hydrocarbons from the giant Pembina oil field, the biggest conventional oil field in Alberta, which would have produced very little oil without fracturing. Since then, over 170,000 oil and gas wells have been fractured in Western Canada. Fracking is a process that stimulates natural gas or oil in wellbores to flow more easily by subjecting hydrocarbon reservoirs to pressure through the injection of fluids or gas at depth causing the rock to fracture or to widen existing cracks.
Toad Formation, Grayling Formation, and Toad-Grayling Formation are obsolete names for the strata of the Early to Middle Triassic Doig and Montney Formations. They were applied in the foothills and Rocky Mountains of northeastern British Columbia, on the western edge of the Western Canada Sedimentary Basin. Although the names are considered obsolete, their usage persists.
Unconventional reservoirs, or unconventional resources are accumulations where oil & gas phases are tightly bound to the rock fabric by strong capillary forces, requiring specialised measures for evaluation and extraction.
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