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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 Aug 15, 2014 9:50pm
219 Views
Post# 22848565

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending August 8, 2014 | Released: August 14, 2014 at 10:30 a.m. | Next Release: August 21, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(08/08/13)
5-Year average
(2009-2013)
Region 08/08/14 08/01/14 net change implied flow (Bcf) % change (Bcf) % change
East 1,277 1,219 58 58 1,452 -12.1 1,547 -17.5
West 398 387 11 11 493 -19.3 464 -14.2
Producing 792 783 9 9 1,052 -24.7 1,031 -23.2
Salt 213 212 1 1 262 -18.7 189 12.7
Nonsalt 580 570 10 10 791 -26.7 841 -31.0
Total 2,467 2,389 78 78 2,997 -17.7 3,042 -18.9

Summary

Working gas in storage was 2,467 Bcf as of Friday, August 8, 2014, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were 530 Bcf less than last year at this time and 575 Bcf below the 5-year average of 3,042 Bcf. In the East Region, stocks were 270 Bcf below the 5-year average following net injections of 58 Bcf. Stocks in the Producing Region were 239 Bcf below the 5-year average of 1,031 Bcf after a net injection of 9 Bcf. Stocks in the West Region were 66 Bcf below the 5-year average after a net addition of 11 Bcf. At 2,467 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

Rotary Rig Count
8/15/2014
Week Year
Location Week +/- Ago +/- Ago
Land 1841 9 1832 135 1706
Inland Waters 10 -4 14 -13 23
Offshore 62 0 62 0 62
United States Total 1913 5 1908 122 1791
Gulf Of Mexico 60 0 60 1 59
Canada 401 14 387 43 358
North America 2314 19 2295 165 2149
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1589 1 1588 192 1397
Gas 321 5 316 -67 388
Miscellaneous 3 -1 4 -3 6
Directional 216 3 213 -53 269
Horizontal 1329 12 1317 252 1077
Vertical 368 -10 378 -77 445
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 224 2 222 -7 231
Gas 177 12 165 50 127
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 9 1 8 -4 13
Arkansas 11 0 11 -2 13
California 47 -1 48 5 42
Colorado 75 4 71 4 71
Kansas 26 0 26 1 25
Louisiana 116 3 113 3 113
New Mexico 94 0 94 18 76
North Dakota 185 3 182 13 172
Ohio 42 -1 43 6 36
Oklahoma 209 -2 211 40 169
Pennsylvania 51 0 51 0 51
Texas 901 -7 908 55 846
Utah 23 -2 25 -8 31
West Virginia 29 3 26 -8 37
Wyoming 55 7 48 3 52
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 6 0 6 -8 14
Arkoma Woodford 7 0 7 5 2
Barnett 25 -1 26 -7 32
Cana Woodford 34 2 32 7 27
DJ-Niobrara 62 5 57 10 52
Eagle Ford 199 -2 201 -30 229
Fayetteville 9 0 9 -2 11
Granite Wash 69 -4 73 -5 74
Haynesville 45 1 44 1 44
Marcellus 77 3 74 -9 86
Mississippian 79 -1 80 5 74
Permian 558 -2 560 86 472
Utica 44 -1 45 6 38
Williston 194 3 191 12 182
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