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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 May 08, 2015 7:56pm
72 Views
Post# 23710523

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. 8 May 2015 894 -11 1 May 2015 -961 8 May 2014
Canada 8 May 2015 75 -4 1 May 2015 -70 8 May 2014
International April 2015 1202 -49 March 2015 -147 April 2014

Rotary Rig Count
5/8/2015
Location Week +/- Week
Ago
+/- Year
Ago
Land 858 -10 868 -924 1782
Inland Waters 2 -1 3 -12 14
Offshore 34 0 34 -25 59
United States Total 894 -11 905 -961 1855
Gulf Of Mexico 33 0 33 -25 58
Canada 75 -4 79 -70 145
North America 969 -15 984 -1031 2000
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 668 -11 679 -860 1528
Gas 221 -1 222 -102 323
Miscellaneous 5 1 4 1 4
Directional 88 -5 93 -120 208
Horizontal 692 -7 699 -551 1243
Vertical 114 1 113 -290 404
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 16 -1 17 -38 54
Gas 59 -3 62 -32 91
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 10 0 10 0 10
Arkansas 7 -1 8 -5 12
California 13 -1 14 -27 40
Colorado 39 2 37 -26 65
Kansas 10 -1 11 -23 33
Louisiana 70 -3 73 -44 114
New Mexico 44 -2 46 -47 91
North Dakota 80 1 79 -94 174
Ohio 24 -1 25 -11 35
Oklahoma 102 -6 108 -90 192
Pennsylvania 47 0 47 -11 58
Texas 379 -1 380 -516 895
Utah 6 -1 7 -21 27
West Virginia 20 -1 21 -7 27
Wyoming 24 0 24 -21 45
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 6 0 6 0 6
Arkoma Woodford 6 0 6 0 6
Barnett 5 1 4 -19 24
Cana Woodford 35 -3 38 12 23
DJ-Niobrara 30 1 29 -23 53
Eagle Ford 105 -5 110 -113 218
Fayetteville 6 -1 7 -4 10
Granite Wash 16 -1 17 -48 64
Haynesville 27 0 27 -18 45
Marcellus 66 -1 67 -18 84
Mississippian 23 -2 25 -53 76
Permian 237 -1 238 -308 545
Utica 25 -1 26 -11 36
Williston 80 0 80 -102 182

Weekly Natural Gas Storage Report

for week ending May 1, 2015 | Released: May 7, 2015 at 10:30 a.m. | Next Release: May 14, 2015

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(05/01/14)
5-Year average
(2010-2014)
Region 05/01/15 04/24/15 net change implied flow (Bcf) % change (Bcf) % change
East 628 597 31 31 392 60.2 789 -20.4
West 368 361 7 7 201 83.1 297 23.9
Producing 790 752 38 38 451 75.2 767 3.0
Salt 223 209 14 14 112 99.1 170 31.2
Nonsalt 567 543 24 24 339 67.3 597 -5.0
Total 1,786 1,710 76 76 1,044 71.1 1,853 -3.6

Summary

Working gas in storage was 1,786 Bcf as of Friday, May 1, 2015, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were 742 Bcf higher than last year at this time and 67 Bcf below the 5-year average of 1,853 Bcf. In the East Region, stocks were 161 Bcf below the 5-year average following net injections of 31 Bcf. Stocks in the Producing Region were 23 Bcf above the 5-year average of 767 Bcf after a net injection of 38 Bcf. Stocks in the West Region were 71 Bcf above the 5-year average after a net addition of 7 Bcf. At 1,786 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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