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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 Jul 17, 2015 1:14pm
2499 Views
Post# 23934809

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. 17 July 2015 857 -6 10 July 2015 -1014 17 July 2014
Canada 17 July 2015 192 +23 10 July 2015 -189 17 July 2014
International June 2015 1146 -12 May 2015 -198 June 2014

Rotary Rig Count
7/17/2015
Location Week +/- Week
Ago
+/- Year
Ago
Land 824 -3 827 -972 1796
Inland Waters 2 -3 5 -16 18
Offshore 31 0 31 -26 57
United States Total 857 -6 863 -1014 1871
Gulf Of Mexico 31 0 31 -26 57
Canada 192 23 169 -189 381
North America 1049 17 1032 -1203 2252
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 638 -7 645 -916 1554
Gas 218 1 217 -97 315
Miscellaneous 1 0 1 -1 2
Directional 84 -4 88 -133 217
Horizontal 650 -4 654 -638 1288
Vertical 123 2 121 -243 366
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 98 7 91 -128 226
Gas 94 16 78 -61 155
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 11 1 10 3 8
Arkansas 4 0 4 -7 11
California 11 -1 12 -31 42
Colorado 39 1 38 -30 69
Kansas 11 1 10 -19 30
Louisiana 69 -3 72 -44 113
New Mexico 50 1 49 -40 90
North Dakota 68 -2 70 -110 178
Ohio 19 0 19 -25 44
Oklahoma 105 -1 106 -95 200
Pennsylvania 43 -2 45 -12 55
Texas 366 -2 368 -522 888
Utah 7 0 7 -20 27
West Virginia 18 0 18 -8 26
Wyoming 21 0 21 -31 52
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 5 -2 7 -2 7
Arkoma Woodford 5 -1 6 -2 7
Barnett 8 0 8 -15 23
Cana Woodford 31 -2 33 1 30
DJ-Niobrara 31 1 30 -29 60
Eagle Ford 98 -4 102 -114 212
Fayetteville 4 0 4 -5 9
Granite Wash 17 2 15 -58 75
Haynesville 26 -1 27 -17 43
Marcellus 59 -3 62 -20 79
Mississippian 19 1 18 -60 79
Permian 242 3 239 -314 556
Utica 22 1 21 -24 46
Williston 69 -2 71 -115 184

Weekly Natural Gas Storage Report

for week ending July 10, 2015 | Released: July 16, 2015 at 10:30 a.m. | Next Release: July 23, 2015

Working gas in underground storage, lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(07/10/14)
5-Year average
(2010-2014)
Region 07/10/15 07/03/15 net change implied flow (Bcf) % change (Bcf) % change
East 1,235 1,178 57 57 1,035 19.3 1,300 -5.0
West 450 440 10 10 356 26.4 426 5.6
Producing 1,082 1,050 32 32 723 49.7 967 11.9
Salt 305 297 8 8 200 52.5 215 41.9
Nonsalt 777 753 24 24 522 48.9 753 3.2
Total 2,767 2,668 99 99 2,114 30.9 2,694 2.7

Summary

Working gas in storage was 2,767 Bcf as of Friday, July 10, 2015, according to EIA estimates. This represents a net increase of 99 Bcf from the previous week. Stocks were 653 Bcf higher than last year at this time and 73 Bcf above the 5-year average of 2,694 Bcf. In the East Region, stocks were 65 Bcf below the 5-year average following net injections of 57 Bcf. Stocks in the Producing Region were 115 Bcf above the 5-year average of 967 Bcf after a net injection of 32 Bcf. Stocks in the West Region were 24 Bcf above the 5-year average after a net addition of 10 Bcf. At 2,767 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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