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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 07, 2016 8:16am
262 Views
Post# 24850391

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 May 2016

415 -5 29 April 2016 -479 8 May 2015
Canada 6 May 2016 36 -1 29 April 2016 -39 8 May 2015
International April 2016 946 -39 March 2016 -256 April 2015

  Rotary Rig Count    
 
 
               
  5/6/2016      
               
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 388 -3 391 -470 858
Inland Waters 3 -1 4 1 2
Offshore 24 -1 25 -10 34
United States Total 415 -5 420 -479 894
           
Gulf Of Mexico 23 -1 24 -10 33
           
Canada 36 -1 37 -39 75
           
North America 451 -6 457 -518 969
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 328 -4 332 -340 668
Gas 86 -1 87 -135 221
Miscellaneous 1 0 1 -4 5
           
Directional 44 -2 46 -44 88
Horizontal 318 -6 324 -374 692
Vertical 53 3 50 -61 114
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 11 1 10 -5 16
Gas 24 -2 26 -35 59
Miscellaneous 1 0 1 1 0
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 6 -1 7 -4 10
Arkansas 0 0 0 -7 7
California 4 0 4 -9 13
Colorado 15 -1 16 -24 39
Kansas 4 0 4 -6 10
Louisiana 43 -2 45 -27 70
New Mexico 16 0 16 -28 44
North Dakota 25 -1 26 -55 80
Ohio 10 -1 11 -14 24
Oklahoma 57 -3 60 -45 102
Pennsylvania 16 0 16 -31 47
Texas 188 3 185 -191 379
Utah 3 1 2 -3 6
West Virginia 10 0 10 -10 20
Wyoming 8 0 8 -16 24
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 2 0 2 -4 6
Arkoma Woodford 2 0 2 -4 6
Barnett 6 0 6 1 5
Cana Woodford 27 0 27 -8 35
DJ-Niobrara 13 -1 14 -17 30
Eagle Ford 34 -3 37 -71 105
Fayetteville 0 0 0 -6 6
Granite Wash 4 1 3 -12 16
Haynesville 12 0 12 -15 27
Marcellus 26 0 26 -40 66
Mississippian 6 2 4 -17 23
Permian 139 5 134 -98 237
Utica 10 -1 11 -15 25
Williston 25 -1 26 -55 80

Weekly Natural Gas Storage Report

for week ending April 29, 2016   |   Released: May 5, 2016 at 10:30 a.m.   |   Next Release: May 12, 2016

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(04/29/15)
5-year average
(2011-15)
Region 04/29/16 04/22/16 net change implied flow   Bcf % change Bcf % change
East 454     431     23     23       305     48.9     351     29.3    
Midwest 566     554     12     12       307     84.4     364     55.5    
Mountain 157     155     2     2       119     31.9     113     38.9    
Pacific 284     277     7     7       285     -0.4     226     25.7    
South Central 1,164     1,140     24     24       747     55.8     735     58.4    
   Salt 362     352     10     10       219     65.3     186     94.6    
   Nonsalt 802     788     14     14       528     51.9     549     46.1    
Total 2,625     2,557     68     68       1,764     48.8     1,789     46.7    

 

Summary

Working gas in storage was 2,625 Bcf as of Friday, April 29, 2016, according to EIA estimates. This represents a net increase of 68 Bcf from the previous week. Stocks were 861 Bcf higher than last year at this time and 836 Bcf above the five-year average of 1,789 Bcf. At 2,625 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 2011 through 2015. The dashed vertical lines indicate current and year-ago weekly periods.

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