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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 18, 2014 9:48am
123 Views
Post# 22758667

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending July 11, 2014 | Released: July 17, 2014 at 10:30 a.m. | Next Release: July 24, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(07/11/13)
5-Year average
(2009-2013)
Region 07/11/14 07/04/14 net change implied flow (Bcf) % change (Bcf) % change
East 1,044 979 65 65 1,276 -18.2 1,382 -24.5
West 358 345 13 13 450 -20.4 444 -19.4
Producing 727 698 29 29 1,011 -28.1 1,030 -29.4
Salt 201 194 7 7 275 -26.9 209 -3.8
Nonsalt 525 505 20 20 737 -28.8 822 -36.1
Total 2,129 2,022 107 107 2,737 -22.2 2,856 -25.5

Summary

Working gas in storage was 2,129 Bcf as of Friday, July 11, 2014, according to EIA estimates. This represents a net increase of 107 Bcf from the previous week. Stocks were 608 Bcf less than last year at this time and 727 Bcf below the 5-year average of 2,856 Bcf. In the East Region, stocks were 338 Bcf below the 5-year average following net injections of 65 Bcf. Stocks in the Producing Region were 303 Bcf below the 5-year average of 1,030 Bcf after a net injection of 29 Bcf. Stocks in the West Region were 86 Bcf below the 5-year average after a net addition of 13 Bcf. At 2,129 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
07/11/14
Week Year
Location Week +/- Ago +/- Ago
Land 1801 -1 1802 121 1680
Inland Waters 18 0 18 -4 22
Offshore 56 2 54 -1 57
United States Total 1875 1 1874 116 1759
Gulf Of Mexico 55 2 53 0 55
Canada 315 6 309 21 294
North America 2190 7 2183 137 2053
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1563 1 1562 172 1391
Gas 311 0 311 -51 362
Miscellaneous 1 0 1 -5 6
Directional 222 0 222 -47 269
Horizontal 1276 8 1268 218 1058
Vertical 377 -7 384 -55 432
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 178 -12 190 -23 201
Gas 137 18 119 44 93
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 12 2 10 3 9
Arkansas 11 0 11 -3 14
California 44 -1 45 4 40
Colorado 68 0 68 2 66
Kansas 31 2 29 2 29
Louisiana 107 2 105 3 104
New Mexico 92 0 92 11 81
North Dakota 172 1 171 -2 174
Ohio 42 1 41 7 35
Oklahoma 198 -11 209 29 169
Pennsylvania 56 2 54 3 53
Texas 898 2 896 62 836
Utah 27 0 27 -5 32
West Virginia 26 -1 27 2 24
Wyoming 52 1 51 1 51
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 7 2 5 -7 14
Arkoma Woodford 7 2 5 5 2
Barnett 24 -2 26 -9 33
Cana Woodford 27 1 26 -7 34
DJ-Niobrara 60 0 60 11 49
Eagle Ford 218 5 213 -13 231
Fayetteville 9 0 9 -3 12
Granite Wash 75 5 70 7 68
Haynesville 42 -1 43 2 40
Marcellus 80 1 79 5 75
Mississippian 80 0 80 9 71
Permian 563 3 560 100 463
Utica 44 1 43 7 37
Williston 179 1 178 -6 185
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