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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 Jul 04, 2014 5:49pm
194 Views
Post# 22717446

Storage and Rig Count

Storage and Rig Count

Weekly Natural Gas Storage Report

for week ending June 27, 2014 | Released: July 3, 2014 at 10:30 a.m. | Next Release: July 10, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(06/27/13)
5-Year average
(2009-2013)
Region 06/27/14 06/20/14 net change implied flow (Bcf) % change (Bcf) % change
East 923 858 65 65 1,184 -22.0 1,289 -28.4
West 331 315 16 16 442 -25.1 427 -22.5
Producing 675 656 19 19 969 -30.3 1,004 -32.8
Salt 188 185 3 3 265 -29.1 206 -8.7
Nonsalt 486 472 14 14 704 -31.0 797 -39.0
Total 1,929 1,829 100 100 2,595 -25.7 2,719 -29.1

Summary

Working gas in storage was 1,929 Bcf as of Friday, June 27, 2014, according to EIA estimates. This represents a net increase of 100 Bcf from the previous week. Stocks were 666 Bcf less than last year at this time and 790 Bcf below the 5-year average of 2,719 Bcf. In the East Region, stocks were 366 Bcf below the 5-year average following net injections of 65 Bcf. Stocks in the Producing Region were 329 Bcf below the 5-year average of 1,004 Bcf after a net injection of 19 Bcf. Stocks in the West Region were 96 Bcf below the 5-year average after a net addition of 16 Bcf. At 1,929 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
07/03/14
Week Year
Location Week +/- Ago +/- Ago
Land 1802 2 1800 126 1676
Inland Waters 18 0 18 -4 22
Offshore 54 -1 55 -5 59
United States Total 1874 1 1873 117 1757
Gulf Of Mexico 53 -1 54 -4 57
Canada 309 73 236 95 214
North America 2183 74 2109 212 1971
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1562 4 1558 167 1395
Gas 311 -3 314 -44 355
Miscellaneous 1 0 1 -6 7
Directional 222 -7 229 -33 255
Horizontal 1268 5 1263 200 1068
Vertical 384 3 381 -50 434
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 190 49 141 38 152
Gas 119 24 95 57 62
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 10 0 10 2 8
Arkansas 11 0 11 -3 14
California 45 -3 48 5 40
Colorado 68 -1 69 2 66
Kansas 29 -1 30 1 28
Louisiana 105 -2 107 2 103
New Mexico 92 2 90 14 78
North Dakota 171 0 171 -6 177
Ohio 41 0 41 8 33
Oklahoma 209 1 208 35 174
Pennsylvania 54 -5 59 1 53
Texas 896 7 889 61 835
Utah 27 0 27 -5 32
West Virginia 27 2 25 2 25
Wyoming 51 0 51 2 49
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 5 0 5 -9 14
Arkoma Woodford 5 -1 6 3 2
Barnett 26 1 25 -7 33
Cana Woodford 26 0 26 -9 35
DJ-Niobrara 60 0 60 11 49
Eagle Ford 213 -1 214 -17 230
Fayetteville 9 0 9 -3 12
Granite Wash 70 -2 72 0 70
Haynesville 43 2 41 3 40
Marcellus 79 -3 82 3 76
Mississippian 80 3 77 8 72
Permian 560 6 554 95 465
Utica 43 0 43 8 35
Williston 178 0 178 -10 188
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