Ovintiv Inc OVV

Alternate Symbol(s): T.OVV

Energy Oil & Gas E&P

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.

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Ovintiv Inc

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Post by marpincanon Jun 09, 2018 8:56am

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Post# 28149517

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.	8 June 2018	1,062	+2	1 June 2018	+135	9 June 2017
Canada	8 June 2018	112	+13	1 June 2018	-20	9 June 2017
International	May 2018	967	-11	April 2018	+10	May 2017

	Rotary Rig Count

	6/8/2018


Location		Week	+/-	Week Ago	+/-	Year Ago

Land		1039	0	1039	137	902
Inland Waters		3	1	2	0	3
Offshore		20	1	19	-2	22
United States Total		1062	2	1060	135	927

Gulf Of Mexico		19	1	18	-2	21

Canada		112	13	99	-20	132

North America		1174	15	1159	115	1059

U.S. Breakout Information		This Week	+/-	Last Week	+/-	Year Ago

Oil		862	1	861	121	741
Gas		198	1	197	13	185
Miscellaneous		2	0	2	1	1

Directional		67	2	65	1	66
Horizontal		934	5	929	154	780
Vertical		61	-5	66	-20	81


Canada Breakout Information		This Week	+/-	Last Week	+/-	Year Ago

Oil		69	13	56	-5	74
Gas		43	0	43	-15	58

Major State Variances		This Week	+/-	Last Week	+/-	Year Ago

Alaska		9	0	9	4	5
Arkansas		1	0	1	0	1
California		15	0	15	6	9
Colorado		34	2	32	0	34
Louisiana		59	1	58	-5	64
New Mexico		90	0	90	31	59
North Dakota		54	-1	55	8	46
Ohio		23	0	23	-4	27
Oklahoma		140	-2	142	9	131
Pennsylvania		39	0	39	5	34
Texas		538	3	535	78	460
Utah		8	0	8	-1	9
West Virginia		18	0	18	5	13
Wyoming		25	-2	27	-1	26

Major Basin Variances		This Week	+/-	Last Week	+/-	Year Ago

Ardmore Woodford		3	0	3	3	0
Arkoma Woodford		9	0	9	1	8
Barnett		4	0	4	-4	8
Cana Woodford		73	-3	76	13	60
DJ-Niobrara		26	0	26	-1	27
Eagle Ford		80	0	80	-4	84
Fayetteville		0	0	0	-1	1
Granite Wash		15	1	14	5	10
Haynesville		54	0	54	13	41
Marcellus		56	0	56	11	45
Mississippian		6	0	6	-3	9
Permian		480	3	477	112	368
Utica		24	0	24	-4	28
Williston		55	-1	56	9	46

Weekly Natural Gas Storage Report

for week ending June 1, 2018 | Released: June 7, 2018 at 10:30 a.m. | Next Release: June 14, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (06/01/17)		5-year average (2013-17)
Region	06/01/18	05/25/18	net change	implied flow	Bcf	% change	Bcf	% change
East	351	328	23	23	452	-22.3	460	-23.7
Midwest	341	315	26	26	610	-44.1	505	-32.5
Mountain	121	113	8	8	171	-29.2	145	-16.6
Pacific	231	221	10	10	267	-13.5	279	-17.2
South Central	773	748	25	25	1,116	-30.7	940	-17.8
Salt	245	235	10	10	345	-29.0	284	-13.7
Nonsalt	528	514	14	14	771	-31.5	656	-19.5
Total	1,817	1,725	92	92	2,616	-30.5	2,329	-22.0

Summary

Working gas in storage was 1,817 Bcf as of Friday, June 1, 2018, according to EIA estimates. This represents a net increase of 92 Bcf from the previous week. Stocks were 799 Bcf less than last year at this time and 512 Bcf below the five-year average of 2,329 Bcf. At 1,817 Bcf, total working gas is within the five-year historical range.

For information on sampling error in this report, see Estimated Measures of Sampling Variability table below.

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 2013 through 2017. The dashed vertical lines indicate current and year-ago weekly periods.

Estimated measures of sampling variabilityDownload History (April 2015 to Present)

	Coefficient of Variation for Stocks % of working gas		Standard Error for Net Change billion cubic feet (Bcf)
Region	06/01/18	05/25/18	net change
East	1.5	1.7	0.5
Midwest	1.5	1.5	0.8
Mountain	2.1	2.2	0.2
Pacific	1.8	1.8	0.7
South Central	1.7	1.8	1.0
Salt	2.0	2.1	0.8
Nonsalt	2.3	2.4	0.6
Total	0.9	0.9	1.6