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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company’s production to third-party customers and enhancing the associated netback price. The segment’s activities also include third-party purchases and sales of product to provide operational flexibility.


NYSE:OVV - Post by User

Bullboard Posts
Post by marpincanon Jun 26, 2014 6:52pm
142 Views
Post# 22698642

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending June 20, 2014 | Released: June 26, 2014 at 10:30 a.m. | Next Release: July 3, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(06/20/13)
5-Year average
(2009-2013)
Region 06/20/14 06/13/14 net change implied flow (Bcf) % change (Bcf) % change
East 858 790 68 68 1,135 -24.4 1,240 -30.8
West 315 298 17 17 431 -26.9 415 -24.1
Producing 656 631 25 25 954 -31.2 996 -34.1
Salt 185 177 8 8 263 -29.7 208 -11.1
Nonsalt 472 455 17 17 691 -31.7 787 -40.0
Total 1,829 1,719 110 110 2,519 -27.4 2,651 -31.0

Summary

Working gas in storage was 1,829 Bcf as of Friday, June 20, 2014, according to EIA estimates. This represents a net increase of 110 Bcf from the previous week. Stocks were 690 Bcf less than last year at this time and 822 Bcf below the 5-year average of 2,651 Bcf. In the East Region, stocks were 382 Bcf below the 5-year average following net injections of 68 Bcf. Stocks in the Producing Region were 340 Bcf below the 5-year average of 996 Bcf after a net injection of 25 Bcf. Stocks in the West Region were 100 Bcf below the 5-year average after a net addition of 17 Bcf. At 1,829 Bcf, total working gas is below the 5-year historical range.

Working Gas in Underground Storage Compared with 5-Year Range

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2009 through 2013.
Source: Form EIA-912, "Weekly Underground Natural Gas Storage Report." The dashed vertical lines indicate current and year-ago weekly periods.

Rotary Rig Count
06/20/14
Week Year
Location Week +/- Ago +/- Ago
Land 1784 4 1780 102 1682
Inland Waters 15 0 15 -8 23
Offshore 59 0 59 5 54
United States Total 1858 4 1854 99 1759
Gulf Of Mexico 57 0 57 5 52
Canada 265 21 244 68 197
North America 2123 25 2098 167 1956
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1545 3 1542 140 1405
Gas 311 1 310 -38 349
Miscellaneous 2 0 2 -3 5
Directional 228 10 218 -14 242
Horizontal 1250 2 1248 171 1079
Vertical 380 -8 388 -58 438
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 166 17 149 19 147
Gas 99 4 95 49 50
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 9 -1 10 1 8
Arkansas 11 0 11 -3 14
California 47 0 47 10 37
Colorado 68 3 65 6 62
Kansas 33 0 33 5 28
Louisiana 109 2 107 3 106
New Mexico 90 -1 91 15 75
North Dakota 170 1 169 -8 178
Ohio 40 2 38 10 30
Oklahoma 200 0 200 22 178
Pennsylvania 57 -2 59 3 54
Texas 889 1 888 46 843
Utah 27 0 27 -7 34
West Virginia 25 -1 26 3 22
Wyoming 51 0 51 5 46
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 6 0 6 -7 13
Arkoma Woodford 5 0 5 3 2
Barnett 26 1 25 -10 36
Cana Woodford 26 0 26 -9 35
DJ-Niobrara 60 2 58 14 46
Eagle Ford 215 2 213 -12 227
Fayetteville 9 0 9 -3 12
Granite Wash 70 0 70 -2 72
Haynesville 44 0 44 5 39
Marcellus 80 -3 83 5 75
Mississippian 79 0 79 10 69
Permian 553 -3 556 85 468
Utica 42 2 40 11 31
Williston 175 1 174 -15 190
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