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 23, 2018 9:27am

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Post# 28217931

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.	22 June 2018	1,052	-7	15 June 2018	+111	23 June 2017
Canada	22 June 2018	160	+21	15 June 2018	-10	23 June 2017
International	May 2018	967	-11	April 2018	+10	May 2017



	Rotary Rig Count

	6/22/2018


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

Land		1032	-3	1035	117	915
Inland Waters		2	-2	4	-2	4
Offshore		18	-2	20	-4	22
United States Total		1052	-7	1059	111	941

Gulf Of Mexico		18	-1	19	-3	21

Canada		160	21	139	-10	170

North America		1212	14	1198	101	1111

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

Oil		862	-1	863	104	758
Gas		188	-6	194	5	183
Miscellaneous		2	0	2	2	0

Directional		62	-5	67	-10	72
Horizontal		930	-2	932	138	792
Vertical		60	0	60	-17	77


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

Oil		103	16	87	5	98
Gas		57	5	52	-15	72

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

Alaska		9	2	7	4	5
Arkansas		1	0	1	0	1
California		15	0	15	4	11
Colorado		32	-1	33	-5	37
Louisiana		56	-4	60	-11	67
New Mexico		93	0	93	33	60
North Dakota		56	-1	57	4	52
Ohio		22	0	22	-5	27
Oklahoma		138	-2	140	6	132
Pennsylvania		37	-1	38	3	34
Texas		533	-1	534	73	460
Utah		8	0	8	0	8
West Virginia		17	0	17	4	13
Wyoming		26	1	25	1	25

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

Ardmore Woodford		3	0	3	2	1
Arkoma Woodford		8	0	8	0	8
Barnett		4	0	4	-3	7
Cana Woodford		72	0	72	12	60
DJ-Niobrara		26	0	26	-2	28
Eagle Ford		82	0	82	-2	84
Fayetteville		0	0	0	-1	1
Granite Wash		16	0	16	4	12
Haynesville		53	-1	54	13	40
Marcellus		53	-1	54	8	45
Mississippian		5	-1	6	-2	7
Permian		474	-2	476	105	369
Utica		23	0	23	-5	28
Williston		56	-1	57	4	52

‹ See All Natural Gas Reports

Weekly Natural Gas Storage Report

for week ending June 15, 2018 | Released: June 21, 2018 at 10:30 a.m. | Next Release: June 28, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (06/15/17)		5-year average (2013-17)
Region	06/15/18	06/08/18	net change	implied flow	Bcf	% change	Bcf	% change
East	406	377	29	29	510	-20.4	518	-21.6
Midwest	401	372	29	29	653	-38.6	560	-28.4
Mountain	127	125	2	2	181	-29.8	155	-18.1
Pacific	246	239	7	7	280	-12.1	294	-16.3
South Central	824	800	24	24	1,137	-27.5	976	-15.6
Salt	258	252	6	6	344	-25.0	289	-10.7
Nonsalt	566	547	19	19	793	-28.6	687	-17.6
Total	2,004	1,913	91	91	2,761	-27.4	2,503	-19.9

Summary

Working gas in storage was 2,004 Bcf as of Friday, June 15, 2018, according to EIA estimates. This represents a net increase of 91 Bcf from the previous week. Stocks were 757 Bcf less than last year at this time and 499 Bcf below the five-year average of 2,503 Bcf. At 2,004 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	06/15/18	06/08/18	net change
East	1.5	1.5	0.4
Midwest	1.5	1.5	0.7
Mountain	1.8	2.0	0.5
Pacific	1.9	1.8	0.4
South Central	1.6	1.7	1.2
Salt	2.1	2.0	0.8
Nonsalt	2.2	2.3	0.9
Total	0.8	0.9	1.6