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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 Dec 26, 2015 8:09am
125 Views
Post# 24413201

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. 23 December 2015 700 -9 18 December 2015 -1140 26 December 2014
Canada 23 December 2015 126 -36 18 December 2015 -130 26 December 2014
International November 2015 1109 -2 October 2015 -215 November 2014

Rotary Rig Count
12/23/2015
Location Week +/- Week
Ago
+/- Year
Ago
Land 675 -9 684 -1095 1770
Inland Waters 1 0 1 -11 12
Offshore 24 0 24 -34 58
United States Total 700 -9 709 -1140 1840
Gulf Of Mexico 24 0 24 -32 56
Canada 126 -36 162 -130 256
North America 826 -45 871 -1270 2096
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 538 -3 541 -961 1499
Gas 162 -6 168 -178 340
Miscellaneous 0 0 0 -1 1
Directional 60 -3 63 -121 181
Horizontal 554 -5 559 -796 1350
Vertical 86 -1 87 -223 309
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 44 -27 71 -50 94
Gas 82 -9 91 -80 162
Miscellaneous 0 0 0 0 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 11 -1 12 1 10
Arkansas 1 -2 3 -11 12
California 9 0 9 -19 28
Colorado 24 -1 25 -45 69
Kansas 12 1 11 -17 29
Louisiana 56 -2 58 -55 111
New Mexico 38 1 37 -64 102
North Dakota 55 -3 58 -114 169
Ohio 15 0 15 -32 47
Oklahoma 88 2 86 -121 209
Pennsylvania 26 0 26 -28 54
Texas 319 -1 320 -533 852
Utah 3 0 3 -20 23
West Virginia 16 0 16 -12 28
Wyoming 17 -3 20 -40 57
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 2 0 2 -4 6
Arkoma Woodford 8 0 8 3 5
Barnett 8 0 8 -16 24
Cana Woodford 39 1 38 -9 48
DJ-Niobrara 23 -1 24 -37 60
Eagle Ford 77 0 77 -127 204
Fayetteville 1 -2 3 -8 9
Granite Wash 15 1 14 -37 52
Haynesville 24 -2 26 -16 40
Marcellus 41 0 41 -37 78
Mississippian 12 1 11 -60 72
Permian 212 6 206 -324 536
Utica 16 0 16 -34 50
Williston 55 -3 58 -124 179

Weekly Natural Gas Storage Report

for week ending December 18, 2015 | Released: December 24, 2015 at 10:30 a.m. | Next Release: December 31, 2015

Working gas in underground storage, Lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(12/18/14)
5-year average
(2010-14)
Region 12/18/15 12/11/15 net change implied flow Bcf % change Bcf % change
East 894 894 0 0 778 14.9 821 8.9
Midwest 1,051 1,066 -15 -15 905 16.1 945 11.2
Mountain 198 203 -5 -5 166 19.3 193 2.6
Pacific 346 361 -15 -15 333 3.9 320 8.1
South Central 1,325 1,322 3 3 1,070 23.8 1,124 17.9
Salt 378 376 2 2 327 15.6 273 38.5
Nonsalt 947 946 1 1 744 27.3 851 11.3
Total 3,814 3,846 -32 -32 3,253 17.2 3,403 12.1

Summary

Working gas in storage was 3,814 Bcf as of Friday, December 18, 2015, according to EIA estimates. This represents a net decline of 32 Bcf from the previous week. Stocks were 561 Bcf higher than last year at this time and 411 Bcf above the five-year average of 3,403 Bcf. At 3,814 Bcf, total working gas is above the five-year historical range.

Working Gas in Underground Storage Compared with Five-Year Range

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2010 through 2014. The dashed vertical lines indicate current and year-ago weekly periods.

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