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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 Jan 23, 2015 3:32pm
184 Views
Post# 23357255

Rig count and storage

Rig count and storage

Weekly Natural Gas Storage Report

for week ending January 16, 2015   |   Released: January 22, 2015 at 10:30 a.m.   |   Next Release: January 29, 2015

Working gas in underground storage, lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(01/16/14)
5-Year average
(2010-2014)
Region 01/16/15 01/09/15 net change implied flow   (Bcf) % change (Bcf) % change
East 1,350     1,468     -118     -118       1,197     12.8     1,425     -5.3    
West 384     400     -16     -16       351     9.4     391     -1.8    
Producing 903     985     -82     -82       891     1.3     975     -7.4    
   Salt 260     291     -31     -31       213     22.1     199     30.7    
   Nonsalt 643     694     -51     -51       678     -5.2     775     -17.0    
Total 2,637     2,853     -216     -216       2,438     8.2     2,790     -5.5    

 

Summary

Working gas in storage was 2,637 Bcf as of Friday, January 16, 2015, according to EIA estimates. This represents a net decline of 216 Bcf from the previous week. Stocks were 199 Bcf higher than last year at this time and 153 Bcf below the 5-year average of 2,790 Bcf. In the East Region, stocks were 75 Bcf below the 5-year average following net withdrawals of 118 Bcf. Stocks in the Producing Region were 72 Bcf below the 5-year average of 975 Bcf after a net withdrawal of 82 Bcf. Stocks in the West Region were 7 Bcf below the 5-year average after a net drawdown of 16 Bcf. At 2,637 Bcf, total working gas is within 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 2010 through 2014.
Source: Form EIA-912, "Weekly Underground Natural Gas Storage Report." The dashed vertical lines indicate current and year-ago weekly periods.

     Rotary Rig Count  
 
 
    01/23/2015      
        Week   Year
Location   Week +/- Ago +/- Ago
             
Land   1568 -42 1610 -133 1701
Inland Waters   11 -1 12 -9 20
Offshore   54 0 54 -2 56
United States Total   1633 -43 1676 -144 1777
             
Gulf Of Mexico   53 0 53 -3 56
             
Canada   432 -8 440 -158 590
             
North America   2065 -51 2116 -302 2367
             
U.S. Breakout Information   This Week +/- Last Week +/- Year Ago
             
Oil   1317 -49 1366 -99 1416
Gas   316 6 310 -40 356
Miscellaneous   0 0 0 -5 5
             
Directional   146 -7 153 -65 211
Horizontal   1229 -24 1253 59 1170
Vertical   258 -12 270 -138 396
             
Canada Breakout Information   This Week +/- Last Week +/- Year Ago
             
Oil   223 -11 234 -171 394
Gas   209 3 206 13 196
Miscellaneous   0 0 0 0 0
             
Major State Variances   This Week +/- Last Week +/- Year Ago
             
Alaska   11 0 11 0 11
Arkansas   12 1 11 0 12
California   15 -3 18 -16 31
Colorado   64 0 64 2 62
Kansas   23 -1 24 -8 31
Louisiana   110 3 107 -1 111
New Mexico   89 -3 92 10 79
North Dakota   147 -9 156 -22 169
Ohio   44 -4 48 8 36
Oklahoma   193 -8 201 6 187
Pennsylvania   53 2 51 -2 55
Texas   753 -13 766 -86 839
Utah   15 -2 17 -11 26
West Virginia   25 -1 26 -8 33
Wyoming   46 -1 47 -7 53
             
Major Basin Variances   This Week +/- Last Week +/- Year Ago
             
Ardmore Woodford   6 -2 8 -2 8
Arkoma Woodford   5 0 5 -2 7
Barnett   25 0 25 -3 28
Cana Woodford   44 3 41 3 41
DJ-Niobrara   53 -1 54 -2 55
Eagle Ford   181 -4 185 -35 216
Fayetteville   9 1 8 0 9
Granite Wash   41 -2 43 -13 54
Haynesville   42 -1 43 -1 43
Marcellus   76 1 75 -10 86
Mississippian   63 -5 68 -10 73
Permian   481 -6 487 -3 484
Utica   46 -3 49 8 38
Williston   153 -12 165 -26 179
             
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