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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 29, 2014 11:29pm
158 Views
Post# 22892223

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending August 22, 2014 | Released: August 28, 2014 at 10:30 a.m. | Next Release: September 4, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(08/22/13)
5-Year average
(2009-2013)
Region 08/22/14 08/15/14 net change implied flow (Bcf) % change (Bcf) % change
East 1,403 1,342 61 61 1,548 -9.4 1,642 -14.6
West 416 407 9 9 502 -17.1 470 -11.5
Producing 811 806 5 5 1,071 -24.3 1,036 -21.7
Salt 210 214 -4 -4 260 -19.2 185 13.5
Nonsalt 601 592 9 9 811 -25.9 851 -29.4
Total 2,630 2,555 75 75 3,120 -15.7 3,148 -16.5

Summary

Working gas in storage was 2,630 Bcf as of Friday, August 22, 2014, according to EIA estimates. This represents a net increase of 75 Bcf from the previous week. Stocks were 490 Bcf less than last year at this time and 518 Bcf below the 5-year average of 3,148 Bcf. In the East Region, stocks were 239 Bcf below the 5-year average following net injections of 61 Bcf. Stocks in the Producing Region were 225 Bcf below the 5-year average of 1,036 Bcf after a net injection of 5 Bcf. Stocks in the West Region were 54 Bcf below the 5-year average after a net addition of 9 Bcf. At 2,630 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
8/29/2014
Week Year
Location Week +/- Ago +/- Ago
Land 1838 16 1822 147 1691
Inland Waters 10 0 10 -11 21
Offshore 66 2 64 2 64
United States Total 1914 18 1896 138 1776
Gulf Of Mexico 63 1 62 2 61
Canada 409 4 405 10 399
North America 2323 22 2301 148 2175
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1575 11 1564 187 1388
Gas 338 8 330 -42 380
Miscellaneous 1 -1 2 -7 8
Directional 210 1 209 -38 248
Horizontal 1330 9 1321 252 1078
Vertical 374 8 366 -76 450
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 231 -5 236 -25 256
Gas 178 9 169 35 143
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 7 1 6 -7 14
Arkansas 11 -1 12 -2 13
California 46 0 46 8 38
Colorado 75 1 74 9 66
Kansas 25 -3 28 -1 26
Louisiana 117 0 117 5 112
New Mexico 94 0 94 18 76
North Dakota 183 0 183 14 169
Ohio 41 -1 42 7 34
Oklahoma 212 4 208 42 170
Pennsylvania 55 5 50 5 50
Texas 900 12 888 54 846
Utah 23 0 23 -6 29
West Virginia 29 -1 30 -7 36
Wyoming 56 0 56 7 49
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 7 1 6 -6 13
Arkoma Woodford 8 0 8 4 4
Barnett 26 0 26 -5 31
Cana Woodford 34 1 33 8 26
DJ-Niobrara 63 1 62 14 49
Eagle Ford 203 3 200 -28 231
Fayetteville 8 -1 9 -3 11
Granite Wash 65 -2 67 -5 70
Haynesville 46 1 45 2 44
Marcellus 80 4 76 -5 85
Mississippian 81 3 78 10 71
Permian 557 2 555 94 463
Utica 43 -1 44 8 35
Williston 192 0 192 10 182
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