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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 Oct 28, 2016 3:49pm
132 Views
Post# 25400093

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. 28 October 2016 557 +4 21 October 2016 -218 30 October 2015
Canada 28 October 2016 153 +10 21 October 2016 -38 30 October 2015
International September 2016 934 -3 August 2016 -206 September 2015

Rotary Rig Count
10/28/2016
Location Week +/- Week
Ago
+/- Year
Ago
Land 533 5 528 -205 738
Inland Waters 2 0 2 -2 4
Offshore 22 -1 23 -11 33
United States Total 557 4 553 -218 775
Gulf Of Mexico 21 -1 22 -11 32
Canada 153 10 143 -38 191
North America 710 14 696 -256 966
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
Oil 441 -2 443 -137 578
Gas 114 6 108 -83 197
Miscellaneous 2 0 2 2 0
Directional 54 3 51 -32 86
Horizontal 450 5 445 -127 577
Vertical 53 -4 57 -59 112
Canada Breakout Information This Week +/- Last Week +/- Year Ago
Oil 73 4 69 -11 84
Gas 79 5 74 -28 107
Miscellaneous 1 1 0 1 0
Major State Variances This Week +/- Last Week +/- Year Ago
Alaska 10 0 10 -3 13
Arkansas 1 0 1 -3 4
California 6 0 6 -8 14
Colorado 17 -3 20 -13 30
Kansas 0 0 0 -9 9
Louisiana 46 0 46 -25 71
New Mexico 32 -2 34 -10 42
North Dakota 35 5 30 -27 62
Ohio 14 0 14 -6 20
Oklahoma 73 0 73 -11 84
Pennsylvania 27 2 25 -1 28
Texas 256 2 254 -83 339
Utah 5 0 5 0 5
West Virginia 10 0 10 -6 16
Wyoming 17 1 16 -9 26
Major Basin Variances This Week +/- Last Week +/- Year Ago
Ardmore Woodford 0 0 0 -2 2
Arkoma Woodford 4 0 4 -4 8
Barnett 3 0 3 -3 6
Cana Woodford 41 2 39 5 36
DJ-Niobrara 15 -2 17 -12 27
Eagle Ford 33 0 33 -42 75
Fayetteville 1 0 1 -3 4
Granite Wash 10 0 10 -3 13
Haynesville 20 3 17 -5 25
Marcellus 36 2 34 -7 43
Mississippian 2 -1 3 -10 12
Permian 212 0 212 -17 229
Utica 15 0 15 -6 21
Williston 35 5 30 -28 63

Weekly Natural Gas Storage Report

for week ending October 21, 2016 | Released: October 27, 2016 at 10:30 a.m. | Next Release: November 3, 2016

Working gas in underground storage, Lower 48 states Summary textCSVJSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(10/21/15)
5-year average
(2011-15)
Region 10/21/16 10/14/16 net change implied flow Bcf % change Bcf % change
East 939 925 14 14 903 4.0 913 2.8
Midwest 1,115 1,093 22 22 1,065 4.7 1,062 5.0
Mountain 245 243 2 2 215 14.0 207 18.4
Pacific 326 325 1 1 371 -12.1 360 -9.4
South Central 1,284 1,250 34 34 1,303 -1.5 1,185 8.4
Salt 352 330 22 22 363 -3.0 297 18.5
Nonsalt 931 920 11 11 940 -1.0 888 4.8
Total 3,909 3,836 73 73 3,857 1.3 3,727 4.9

Summary

Working gas in storage was 3,909 Bcf as of Friday, October 21, 2016, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were 52 Bcf higher than last year at this time and 182 Bcf above the five-year average of 3,727 Bcf. At 3,909 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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