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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 30, 2015 9:06am
145 Views
Post# 23780660

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. 29 May 2015 875 -10 22 May 2015 -991 29 May 2014
Canada 29 May 2015 98 +26 22 May 2015 -100 29 May 2014
International April 2015 1202 -49 March 2015 -147 April 2014

Rotary Rig Count
5/29/2015
Location Week +/- Week
Ago
+/- Year
Ago
Land 844 -9 853 -948 1792
Inland Waters 2 -1 3 -12 14
Offshore 29 0 29 -31 60
United States Total 875 -10 885 -991 1866
Gulf Of Mexico 29 1 28 -29 58
Canada 98 26 72 -100 198
North America 973 16 957 -1091 2064
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 646 -13 659 -890 1536
Gas 225 3 222 -101 326
Miscellaneous 4 0 4 0 4
Directional 90 5 85 -122 212
Horizontal 674 -9 683 -577 1251
Vertical 111 -6 117 -292 403
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 44 20 24 -61 105
Gas 54 6 48 -39 93
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 10 1 9 -1 11
Arkansas 6 -2 8 -5 11
California 10 -3 13 -39 49
Colorado 41 2 39 -25 66
Kansas 13 0 13 -18 31
Louisiana 67 -2 69 -47 114
New Mexico 48 1 47 -38 86
North Dakota 77 -1 78 -92 169
Ohio 23 0 23 -15 38
Oklahoma 106 2 104 -93 199
Pennsylvania 47 -2 49 -13 60
Texas 369 -4 373 -525 894
Utah 7 0 7 -20 27
West Virginia 18 0 18 -7 25
Wyoming 22 0 22 -25 47
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 0 5 -21 26
Cana Woodford 34 0 34 9 25
DJ-Niobrara 30 0 30 -24 54
Eagle Ford 110 3 107 -103 213
Fayetteville 6 -2 8 -3 9
Granite Wash 16 1 15 -50 66
Haynesville 26 -1 27 -16 42
Marcellus 63 -3 66 -20 83
Mississippian 22 0 22 -55 77
Permian 232 -1 233 -318 550
Utica 25 1 24 -15 40
Williston 77 -1 78 -101 178

Weekly Natural Gas Storage Report

for week ending May 22, 2015 | Released: May 28, 2015 at 10:30 a.m. | Next Release: June 4, 2015

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(05/22/14)
5-Year average
(2010-2014)
Region 05/22/15 05/15/15 net change implied flow (Bcf) % change (Bcf) % change
East 806 742 64 64 577 39.7 941 -14.3
West 395 382 13 13 247 59.9 335 17.9
Producing 900 865 35 35 540 66.7 843 6.8
Salt 261 251 10 10 150 74.0 195 33.8
Nonsalt 638 614 24 24 388 64.4 647 -1.4
Total 2,101 1,989 112 112 1,364 54.0 2,119 -0.8

Summary

Working gas in storage was 2,101 Bcf as of Friday, May 22, 2015, according to EIA estimates. This represents a net increase of 112 Bcf from the previous week. Stocks were 737 Bcf higher than last year at this time and 18 Bcf below the 5-year average of 2,119 Bcf. In the East Region, stocks were 135 Bcf below the 5-year average following net injections of 64 Bcf. Stocks in the Producing Region were 57 Bcf above the 5-year average of 843 Bcf after a net injection of 35 Bcf. Stocks in the West Region were 60 Bcf above the 5-year average after a net addition of 13 Bcf. At 2,101 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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