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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 Aug 05, 2016 7:16pm
213 Views
Post# 25115814

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. 5 August 2016 464 +1 22 July 2016 -420 7 August 2015
Canada 5 August 2016 122 +3 22 July 2016 -86 7 August 2015
International July 2016 938 +11 June 2016 -180 July 2015

  Rotary Rig Count    
 
 
               
  8/5/2016      
               
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 443 3 440 -397 840
Inland Waters 4 0 4 -2 6
Offshore 17 -2 19 -21 38
United States Total 464 1 463 -420 884
           
Gulf Of Mexico 17 -2 19 -20 37
           
Canada 122 3 119 -86 208
           
North America 586 4 582 -506 1092
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 381 7 374 -289 670
Gas 81 -5 86 -132 213
Miscellaneous 2 -1 3 1 1
           
Directional 44 -4 48 -39 83
Horizontal 362 8 354 -310 672
Vertical 58 -3 61 -71 129
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 60 0 60 -40 100
Gas 60 2 58 -48 108
Miscellaneous 2 1 1 2 0
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 4 0 4 -5 9
Arkansas 0 0 0 -4 4
California 6 -1 7 -6 12
Colorado 20 -1 21 -16 36
Kansas 0 0 0 -10 10
Louisiana 42 -4 46 -40 82
New Mexico 30 2 28 -24 54
North Dakota 28 1 27 -43 71
Ohio 13 0 13 -7 20
Oklahoma 61 1 60 -46 107
Pennsylvania 15 0 15 -24 39
Texas 217 3 214 -166 383
Utah 2 0 2 -2 4
West Virginia 7 -1 8 -12 19
Wyoming 8 0 8 -14 22
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -4 5
Arkoma Woodford 2 0 2 -3 5
Barnett 4 -1 5 -4 8
Cana Woodford 29 0 29 -7 36
DJ-Niobrara 18 -1 19 -13 31
Eagle Ford 37 4 33 -61 98
Fayetteville 0 0 0 -4 4
Granite Wash 9 0 9 -8 17
Haynesville 15 0 15 -16 31
Marcellus 21 -1 22 -34 55
Mississippian 4 0 4 -15 19
Permian 177 5 172 -77 254
Utica 13 0 13 -10 23
Williston 28 1 27 -44 72

Weekly Natural Gas Storage Report

for week ending July 29, 2016   |   Released: August 4, 2016 at 10:30 a.m.   |   Next Release: August 11, 2016

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(07/29/15)
5-year average
(2011-15)
Region 07/29/16 07/22/16 net change implied flow   Bcf % change Bcf % change
East 729     715     14     14       654     11.5     668     9.1    
Midwest 825     815     10     10       676     22.0     703     17.4    
Mountain 213     213     0     0       173     23.1     163     30.7    
Pacific 314     318     -4     -4       341     -7.9     322     -2.5    
South Central 1,207     1,233     -26     -26       1,055     14.4     968     24.7    
   Salt 320     336     -16     -16       294     8.8     233     37.3    
   Nonsalt 886     897     -11     -11       761     16.4     735     20.5    
Total 3,288     3,294     -6     -6       2,899     13.4     2,824     16.4    

 

Summary

Working gas in storage was 3,288 Bcf as of Friday, July 29, 2016, according to EIA estimates. This represents a net decline of 6 Bcf from the previous week. Stocks were 389 Bcf higher than last year at this time and 464 Bcf above the five-year average of 2,824 Bcf. At 3,288 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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