Kaleinoheaokealaula Akamine's questions to Ovintiv Inc (OVV) leadership • Q3 2024
Question
Kalei Akamine from Bank of America noted that Permian oil production was holding up better than expected and asked when the company expects output to settle. He also asked how many more wells could be drilled in 2025 by extrapolating recent cycle time improvements.
Answer
Executive Brendan McCracken confirmed that the Permian production landing is occurring in the fourth quarter, as planned, after outperformance earlier in the year generated significant free cash. He stated that extrapolating the current drilling efficiencies would place the 2025 well count in the upper end of the 2024 range for wells turned-in-line.