Ovintiv (OVV) Investor Presentation summary

Strategic position and resource depth

• Holds 10–15 years of premium oil and condensate inventory and over 20 years of natural gas inventory, with Montney as the second-largest oil resource in North America after the Permian.

• Operates the largest gross production in the Montney, achieving a ~15% CAGR since 2014 and maintaining significant production levels in oil, condensate, and natural gas.

• Maintains over 260,000 net premium acres in Montney, supporting more than 10 years of premium oil and condensate and over 30 years of premium natural gas inventory.

Operational excellence and efficiency

• Demonstrates best-in-class capital efficiency and consistently delivers top-performing wells in the Montney, outperforming peers by 50–60% in well performance and capital efficiency.

• Achieves drilling speeds over 8 days faster and lateral lengths 1.8k ft longer than peers, with completion speeds 4% faster than 2023 and similar to Permian benchmarks.

• Implements tankless facilities and nitrogen skids to reduce emissions by ~80% and utilizes standardized, scalable, low-cost designs.

Technology and innovation

• Employs digital workflows and real-time telemetry in fracking and production, optimizing parameters to maximize returns, reduce water use, and increase operational pace.

• Centralized operations control and machine learning enable autonomous well management and anomaly detection across 1,900 wells.