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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 Sep 11, 2016 9:22am
133 Views
Post# 25225972

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. 9 September 2016 508 +11 2 September 2016 -340 11 September 2015
Canada 9 September 2016 134 -3 2 September 2016 -51 11 September 2015
International August 2016 937 -1 July 2016 -200 August 2015

  Rotary Rig Count    
 
 
               
  9/9/2016      
               
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 485 3 482 -328 813
Inland Waters 5 0 5 1 4
Offshore 18 8 10 -13 31
United States Total 508 11 497 -340 848
           
Gulf Of Mexico 18 8 10 -11 29
           
Canada 134 -3 137 -51 185
           
North America 642 8 634 -391 1033
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 414 7 407 -238 652
Gas 92 4 88 -104 196
Miscellaneous 2 0 2 2 0
           
Directional 48 6 42 -33 81
Horizontal 396 1 395 -252 648
Vertical 64 4 60 -55 119
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 74 -3 77 4 70
Gas 59 -1 60 -56 115
Miscellaneous 1 1 0 1 0
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 4 0 4 -9 13
Arkansas 0 0 0 -4 4
California 5 0 5 -9 14
Colorado 19 0 19 -13 32
Kansas 0 0 0 -10 10
Louisiana 43 8 35 -30 73
New Mexico 28 -2 30 -20 48
North Dakota 28 0 28 -42 70
Ohio 14 1 13 -4 18
Oklahoma 62 -4 66 -44 106
Pennsylvania 21 0 21 -14 35
Texas 245 4 241 -121 366
Utah 5 2 3 1 4
West Virginia 10 2 8 -7 17
Wyoming 13 0 13 -11 24
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -4 5
Arkoma Woodford 2 0 2 -5 7
Barnett 3 0 3 -3 6
Cana Woodford 31 -1 32 -7 38
DJ-Niobrara 15 0 15 -14 29
Eagle Ford 38 0 38 -52 90
Fayetteville 0 0 0 -4 4
Granite Wash 9 0 9 -6 15
Haynesville 14 0 14 -15 29
Marcellus 29 2 27 -22 51
Mississippian 2 0 2 -17 19
Permian 200 -2 202 -50 250
Utica 15 1 14 -4 19
Williston 28 0 28 -43 71

Weekly Natural Gas Storage Report

for week ending September 2, 2016   |   Released: September 8, 2016 at 10:30 a.m.   |   Next Release: September 15, 2016

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(09/02/15)
5-year average
(2011-15)
Region 09/02/16 08/26/16 net change implied flow   Bcf % change Bcf % change
East 812     796     16     16       764     6.3     770     5.5    
Midwest 928     904     24     24       839     10.6     854     8.7    
Mountain 224     222     2     2       190     17.9     181     23.8    
Pacific 313     310     3     3       348     -10.1     331     -5.4    
South Central 1,160     1,169     -9     -9       1,101     5.4     995     16.6    
   Salt 280     287     -7     -7       292     -4.1     225     24.4    
   Nonsalt 880     883     -3     -3       808     8.9     770     14.3    
Total 3,437     3,401     36     36       3,241     6.0     3,131     9.8    

 

Summary

Working gas in storage was 3,437 Bcf as of Friday, September 2, 2016, according to EIA estimates. This represents a net increase of 36 Bcf from the previous week. Stocks were 196 Bcf higher than last year at this time and 306 Bcf above the five-year average of 3,131 Bcf. At 3,437 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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