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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 Jun 10, 2016 10:43pm
185 Views
Post# 24956761

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. 10 June 2016 414 +6 3 June 2016 -445 12 June 2015
Canada 10 June 2016 65 +24 3 June 2016 -65 12 June 2015
International May 2016 955 +9 April 2016 -203 May 2015

                   
                   
  Rotary Rig Count    
 
 
               
  6/10/2016      
               
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 388 6 382 -437 825
Inland Waters 5 0 5 0 5
Offshore 21 0 21 -8 29
United States Total 414 6 408 -445 859
           
Gulf Of Mexico 20 0 20 -9 29
           
Canada 65 24 41 -62 127
           
North America 479 30 449 -507 986
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 328 3 325 -307 635
Gas 85 3 82 -136 221
Miscellaneous 1 0 1 -2 3
           
Directional 45 1 44 -50 95
Horizontal 323 4 319 -340 663
Vertical 46 1 45 -55 101
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 29 16 13 -39 68
Gas 36 8 28 -23 59
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 9 1 8 0 9
Arkansas 0 0 0 -5 5
California 5 0 5 -6 11
Colorado 16 0 16 -22 38
Kansas 2 0 2 -11 13
Louisiana 47 0 47 -24 71
New Mexico 20 0 20 -25 45
North Dakota 24 2 22 -52 76
Ohio 12 1 11 -9 21
Oklahoma 58 1 57 -49 107
Pennsylvania 13 -1 14 -33 46
Texas 178 2 176 -185 363
Utah 4 1 3 -2 6
West Virginia 10 0 10 -9 19
Wyoming 7 0 7 -15 22
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -6 7
Arkoma Woodford 2 -1 3 -3 5
Barnett 2 0 2 -4 6
Cana Woodford 24 -2 26 -9 33
DJ-Niobrara 12 -1 13 -18 30
Eagle Ford 30 1 29 -74 104
Fayetteville 0 0 0 -5 5
Granite Wash 7 1 6 -10 17
Haynesville 17 2 15 -9 26
Marcellus 23 -1 24 -40 63
Mississippian 5 2 3 -18 23
Permian 142 0 142 -90 232
Utica 12 1 11 -11 23
Williston 24 2 22 -52 76

Weekly Natural Gas Storage Report

for week ending June 3, 2016   |   Released: June 9, 2016 at 10:30 a.m.   |   Next Release: June 16, 2016

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(06/03/15)
5-year average
(2011-15)
Region 06/03/16 05/27/16 net change implied flow   Bcf % change Bcf % change
East 559     537     22     22       461     21.3     490     14.1    
Midwest 679     655     24     24       455     49.2     492     38.0    
Mountain 183     178     5     5       140     30.7     131     39.7    
Pacific 307     304     3     3       320     -4.1     271     13.3    
South Central 1,244     1,233     11     11       936     32.9     867     43.5    
   Salt 370     370     0     0       287     28.9     230     60.9    
   Nonsalt 874     863     11     11       649     34.7     637     37.2    
Total 2,972     2,907     65     65       2,312     28.5     2,250     32.1    

 

Summary

Working gas in storage was 2,972 Bcf as of Friday, June 3, 2016, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 660 Bcf higher than last year at this time and 722 Bcf above the five-year average of 2,250 Bcf. At 2,972 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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