Commodities
Shale-Gas Driller Ovintiv Expands Full-Year Production Targets
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Shale driller Ovintiv Inc. increased its 2024 production target, the second explorer to do so this year.
The company expects to pump the equivalent of 570,000 to 580,000 barrels of crude this year, compared with the previous forecast of 545,000 to 575,000, according to a statement. At the mid ranges of those targets, the increase would amount to 2.7%. The target for the oil and condensate portion of that output was raised by about 1% to roughly 208,000 barrels a day.