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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 Mar 07, 2015 8:16am
150 Views
Post# 23499904

Rig count and storage

Rig count and storage

Rig Count Overview & Summary Count

Area Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year's Count
U.S. 6 March 2015 1192 -75 27 February 2015 -600 6 March 2014
Canada 6 March 2015 300 -30 27 February 2015 -287 6 March 2014
International February 2015 1275 +17 January 2015 -66 February 2014

Rotary Rig Count
03/06/2015
Week Year
Location Week +/- Ago +/- Ago
Land 1133 -75 1280 -586 1719
Inland Waters 8 0 8 -10 18
Offshore 51 0 51 -4 55
United States Total 1192 -75 1267 -600 1792
Gulf Of Mexico 49 0 49 -4 53
Canada 300 -30 330 -287 587
North America 1492 -105 1597 -887 2379
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 922 -64 986 -521 1443
Gas 268 -12 280 -77 345
Miscellaneous 2 1 1 -2 4
Directional 120 -7 127 -78 198
Horizontal 895 -51 946 -307 1202
Vertical 177 -17 194 -215 392
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 150 -21 171 -239 389
Gas 150 -9 159 -48 198
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 12 0 12 -2 14
Arkansas 11 0 11 -1 12
California 14 -1 15 -27 41
Colorado 39 -5 44 -22 61
Kansas 15 -2 17 -16 31
Louisiana 100 -2 102 -3 103
New Mexico 61 -7 68 -20 81
North Dakota 105 -3 108 -65 170
Ohio 35 -1 36 -6 41
Oklahoma 139 -7 146 -43 182
Pennsylvania 47 -7 54 -6 53
Texas 538 -32 570 -326 864
Utah 9 -2 11 -18 27
West Virginia 17 1 16 -8 25
Wyoming 32 -1 33 -21 53
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 6 0 6 -3 9
Arkoma Woodford 5 0 5 0 5
Barnett 9 0 9 -20 29
Cana Woodford 37 -2 39 2 35
DJ-Niobrara 34 -5 39 -20 54
Eagle Ford 149 -8 157 -73 222
Fayetteville 9 0 9 0 9
Granite Wash 32 -2 34 -18 50
Haynesville 38 -2 40 -6 44
Marcellus 62 -6 68 -15 77
Mississippian 44 -3 47 -29 73
Permian 333 -22 355 -173 506
Utica 37 -1 38 -5 42
Williston 108 -3 111 -69 177

Weekly Natural Gas Storage Report

for week ending February 27, 2015 | Released: March 5, 2015 at 10:30 a.m. | Next Release: March 12, 2015

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(02/27/14)
5-Year average
(2010-2014)
Region 02/27/15 02/20/15 net change implied flow (Bcf) % change (Bcf) % change
East 722 843 -121 -121 537 34.5 854 -15.5
West 355 371 -16 -16 194 83.0 286 24.1
Producing 633 724 -91 -91 487 30.0 713 -11.2
Salt 136 181 -45 -45 89 52.8 134 1.5
Nonsalt 496 542 -46 -46 398 24.6 579 -14.3
Total 1,710 1,938 -228 -228 1,218 40.4 1,853 -7.7

Summary

Working gas in storage was 1,710 Bcf as of Friday, February 27, 2015, according to EIA estimates. This represents a net decline of 228 Bcf from the previous week. Stocks were 492 Bcf higher than last year at this time and 143 Bcf below the 5-year average of 1,853 Bcf. In the East Region, stocks were 132 Bcf below the 5-year average following net withdrawals of 121 Bcf. Stocks in the Producing Region were 80 Bcf below the 5-year average of 713 Bcf after a net withdrawal of 91 Bcf. Stocks in the West Region were 69 Bcf above the 5-year average after a net drawdown of 16 Bcf. At 1,710 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.

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