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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 Oct 25, 2014 9:00am
181 Views
Post# 23060640

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending October 17, 2014 | Released: October 23, 2014 at 10:30 a.m. | Next Release: October 30, 2014

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(10/17/13)
5-Year average
(2009-2013)
Region 10/17/14 10/10/14 net change implied flow (Bcf) % change (Bcf) % change
East 1,872 1,825 47 47 1,940 -3.5 2,014 -7.1
West 482 474 8 8 548 -12.0 518 -6.9
Producing 1,039 1,000 39 39 1,240 -16.2 1,200 -13.4
Salt 285 272 13 13 309 -7.8 237 20.3
Nonsalt 754 728 26 26 931 -19.0 963 -21.7
Total 3,393 3,299 94 94 3,729 -9.0 3,731 -9.1

Summary

Working gas in storage was 3,393 Bcf as of Friday, October 17, 2014, according to EIA estimates. This represents a net increase of 94 Bcf from the previous week. Stocks were 336 Bcf less than last year at this time and 338 Bcf below the 5-year average of 3,731 Bcf. In the East Region, stocks were 142 Bcf below the 5-year average following net injections of 47 Bcf. Stocks in the Producing Region were 161 Bcf below the 5-year average of 1,200 Bcf after a net injection of 39 Bcf. Stocks in the West Region were 36 Bcf below the 5-year average after a net addition of 8 Bcf. At 3,393 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
10/24/2014
Week Year
Location Week +/- Ago +/- Ago
Land 1859 12 1847 200 1659
Inland Waters 13 -1 14 -4 17
Offshore 55 -2 57 -7 62
United States Total 1927 9 1918 189 1738
Gulf Of Mexico 53 -2 55 -7 60
Canada 426 9 417 22 404
North America 2353 18 2335 211 2142
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 1595 5 1590 238 1357
Gas 332 4 328 -44 376
Miscellaneous 0 0 0 -5 5
Directional 211 8 203 -38 249
Horizontal 1355 2 1353 257 1098
Vertical 361 -1 362 -30 391
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 232 1 231 -17 249
Gas 194 8 186 39 155
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 8 1 7 -4 12
Arkansas 12 2 10 0 12
California 46 2 44 4 42
Colorado 75 -1 76 2 73
Kansas 21 -4 25 -2 23
Louisiana 110 -1 111 2 108
New Mexico 103 5 98 28 75
North Dakota 180 -1 181 9 171
Ohio 44 2 42 10 34
Oklahoma 204 0 204 29 175
Pennsylvania 52 -3 55 -6 58
Texas 906 8 898 94 812
Utah 23 -1 24 -6 29
West Virginia 36 3 33 6 30
Wyoming 61 -2 63 12 49
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 5 0 5 -9 14
Arkoma Woodford 6 0 6 1 5
Barnett 22 1 21 -11 33
Cana Woodford 37 -1 38 8 29
DJ-Niobrara 62 -1 63 11 51
Eagle Ford 216 7 209 -6 222
Fayetteville 9 0 9 0 9
Granite Wash 62 0 62 5 57
Haynesville 40 -3 43 -1 41
Marcellus 81 0 81 -5 86
Mississippian 73 0 73 -5 78
Permian 568 7 561 124 444
Utica 49 2 47 13 36
Williston 192 -1 193 10 182

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