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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 Sep 13, 2014 8:30am
218 Views
Post# 22933176

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending September 5, 2014 | Released: September 11, 2014 at 10:30 a.m. | Next Release: September 18, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(09/05/13)
5-Year average
(2009-2013)
Region 09/05/14 08/29/14 net change implied flow (Bcf) % change (Bcf) % change
East 1,522 1,462 60 60 1,640 -7.2 1,737 -12.4
West 438 426 12 12 507 -13.6 476 -8.0
Producing 841 821 20 20 1,097 -23.3 1,052 -20.1
Salt 216 211 5 5 262 -17.6 186 16.1
Nonsalt 624 610 14 14 834 -25.2 866 -27.9
Total 2,801 2,709 92 92 3,244 -13.7 3,264 -14.2

Summary

Working gas in storage was 2,801 Bcf as of Friday, September 5, 2014, according to EIA estimates. This represents a net increase of 92 Bcf from the previous week. Stocks were 443 Bcf less than last year at this time and 463 Bcf below the 5-year average of 3,264 Bcf. In the East Region, stocks were 215 Bcf below the 5-year average following net injections of 60 Bcf. Stocks in the Producing Region were 211 Bcf below the 5-year average of 1,052 Bcf after a net injection of 20 Bcf. Stocks in the West Region were 38 Bcf below the 5-year average after a net addition of 12 Bcf. At 2,801 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
9/12/2014
Week Year
Location Week +/- Ago +/- Ago
Land 1852 5 1847 170 1682
Inland Waters 13 0 13 -8 21
Offshore 66 1 65 1 65
United States Total 1931 6 1925 163 1768
Gulf Of Mexico 62 0 62 -1 63
Canada 405 -9 414 25 380
North America 2336 -3 2339 188 2148
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1592 8 1584 231 1361
Gas 338 -2 340 -63 401
Miscellaneous 1 0 1 -5 6
Directional 217 -7 224 -31 248
Horizontal 1342 9 1333 266 1076
Vertical 372 4 368 -72 444
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 222 -6 228 -16 238
Gas 183 -3 186 41 142
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 10 3 7 -2 12
Arkansas 12 0 12 -1 13
California 45 -1 46 9 36
Colorado 75 1 74 8 67
Kansas 25 2 23 -2 27
Louisiana 115 -2 117 2 113
New Mexico 98 2 96 28 70
North Dakota 185 2 183 17 168
Ohio 42 1 41 8 34
Oklahoma 213 0 213 49 164
Pennsylvania 58 1 57 4 54
Texas 905 -2 907 55 850
Utah 23 0 23 -7 30
West Virginia 29 0 29 -7 36
Wyoming 57 0 57 7 50
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 5 -1 6 -9 14
Arkoma Woodford 7 0 7 3 4
Barnett 25 -1 26 -8 33
Cana Woodford 36 -1 37 11 25
DJ-Niobrara 62 0 62 15 47
Eagle Ford 203 1 202 -31 234
Fayetteville 9 0 9 -2 11
Granite Wash 67 -1 68 -1 68
Haynesville 45 -1 46 6 39
Marcellus 83 1 82 -6 89
Mississippian 77 -1 78 7 70
Permian 566 3 563 108 458
Utica 44 1 43 9 35
Williston 194 2 192 13 181
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