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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 30, 2016 2:00pm
146 Views
Post# 25296055

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. 30 September 2016 522 +11 23 September 2016 -287 2 October 2015
Canada 30 September 2016 162 +24 23 September 2016 -17 2 October 2015
International August 2016 937 -1 July 2016 -200 August 2015

Rotary Rig Count
9/30/2016
Location Week +/- Week
Ago
+/- Year
Ago
Land 497 9 488 -279 776
Inland Waters 3 0 3 0 3
Offshore 22 2 20 -8 30
United States Total 522 11 511 -287 809
Gulf Of Mexico 21 1 20 -8 29
Canada 162 24 138 -17 179
North America 684 35 649 -304 988
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 425 7 418 -189 614
Gas 96 4 92 -99 195
Miscellaneous 1 0 1 1 0
Directional 51 2 49 -32 83
Horizontal 407 5 402 -202 609
Vertical 64 4 60 -53 117
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 84 7 77 14 70
Gas 78 17 61 -31 109
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 7 1 6 -4 11
Arkansas 1 1 0 -3 4
California 6 0 6 -7 13
Colorado 20 1 19 -10 30
Kansas 0 0 0 -10 10
Louisiana 41 1 40 -25 66
New Mexico 30 3 27 -16 46
North Dakota 30 2 28 -35 65
Ohio 14 0 14 -6 20
Oklahoma 68 1 67 -29 97
Pennsylvania 23 1 22 -7 30
Texas 245 -1 246 -112 357
Utah 5 0 5 0 5
West Virginia 10 1 9 -8 18
Wyoming 13 0 13 -11 24
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 0 -1 1 -2 2
Arkoma Woodford 4 1 3 -4 8
Barnett 1 0 1 -5 6
Cana Woodford 35 2 33 -2 37
DJ-Niobrara 17 1 16 -9 26
Eagle Ford 36 -1 37 -46 82
Fayetteville 1 1 0 -3 4
Granite Wash 10 1 9 -2 12
Haynesville 13 0 13 -13 26
Marcellus 32 2 30 -15 47
Mississippian 3 0 3 -11 14
Permian 204 3 201 -41 245
Utica 15 0 15 -6 21
Williston 30 2 28 -36 66

Weekly Natural Gas Storage Report

for week ending September 23, 2016 | Released: September 29, 2016 at 10:30 a.m. | Next Release: October 6, 2016

Working gas in underground storage, Lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(09/23/15)
5-year average
(2011-15)
Region 09/23/16 09/16/16 net change implied flow Bcf % change Bcf % change
East 874 851 23 23 830 5.3 837 4.4
Midwest 1,014 985 29 29 942 7.6 950 6.7
Mountain 233 230 3 3 200 16.5 193 20.7
Pacific 318 318 0 0 354 -10.2 338 -5.9
South Central 1,161 1,167 -6 -6 1,183 -1.9 1,062 9.3
Salt 275 278 -3 -3 318 -13.5 247 11.3
Nonsalt 885 889 -4 -4 864 2.4 815 8.6
Total 3,600 3,551 49 49 3,510 2.6 3,380 6.5

Summary

Working gas in storage was 3,600 Bcf as of Friday, September 23, 2016, according to EIA estimates. This represents a net increase of 49 Bcf from the previous week. Stocks were 90 Bcf higher than last year at this time and 220 Bcf above the five-year average of 3,380 Bcf. At 3,600 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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