Ovintiv Upbeat on North American Oil Market as Prices Surge

June 18, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Crude oil prices, once thought to be facing a prolonged period of weakness, recently spiked following Israel's surprise attack on Iran's nuclear infrastructure. But executives at Ovintiv Incorporated (Calgary, Alberta) say the oil and gas exploration company is well-positioned for any wild swings in the market, with a strong slate of drilling programs spread across the most active shale plays in North America. Industrial Info is tracking more than US$5.4 billion worth of active and proposed projects across the U.S. and Canada from Ovintiv, more than half of which is attributed to projects in Texas' Permian Basin. The company's oil and condensate results in its most recently completed quarter were driven by the Permian, where it saw strong well results and outperformed its base volumes. Other companies featured: FourPoint Energy and Paramount Resources Limited