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 29, 2018 7:51pm

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Post# 28254654

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.	29 June 2018	1,047	-5	22 June 2018	+107	30 June 2017
Canada	29 June 2018	172	+12	22 June 2018	-17	30 June 2017
International	May 2018	967	-11	April 2018	+10	May 2017




	Rotary Rig Count

	6/29/2018


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

Land		1024	-8	1032	109	915
Inland Waters		4	2	2	0	4
Offshore		19	1	18	-2	21
United States Total		1047	-5	1052	107	940

Gulf Of Mexico		18	0	18	-3	21

Canada		172	12	160	-17	189

North America		1219	7	1212	90	1129

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

Oil		858	-4	862	102	756
Gas		187	-1	188	3	184
Miscellaneous		2	0	2	2	0

Directional		65	3	62	-6	71
Horizontal		926	-4	930	134	792
Vertical		56	-4	60	-21	77


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

Oil		117	14	103	5	112
Gas		55	-2	57	-22	77

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

Alaska		9	0	9	5	4
Arkansas		1	0	1	0	1
California		16	1	15	5	11
Colorado		32	0	32	-4	36
Louisiana		55	-1	56	-12	67
New Mexico		95	2	93	35	60
North Dakota		54	-2	56	2	52
Ohio		22	0	22	-5	27
Oklahoma		140	2	138	8	132
Pennsylvania		37	0	37	3	34
Texas		530	-3	533	69	461
Utah		8	0	8	0	8
West Virginia		17	0	17	4	13
Wyoming		26	0	26	1	25

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

Ardmore Woodford		3	0	3	2	1
Arkoma Woodford		8	0	8	-1	9
Barnett		4	0	4	-3	7
Cana Woodford		74	2	72	15	59
DJ-Niobrara		26	0	26	-1	27
Eagle Ford		80	-2	82	-4	84
Fayetteville		0	0	0	-1	1
Granite Wash		16	0	16	4	12
Haynesville		50	-3	53	9	41
Marcellus		53	0	53	8	45
Mississippian		5	0	5	-2	7
Permian		474	0	474	104	370
Utica		23	0	23	-5	28
Williston		54	-2	56	2	52

Weekly Natural Gas Storage Report

for week ending June 22, 2018 | Released: June 28, 2018 at 10:30 a.m. | Next Release: July 6, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
						Historical Comparisons
	Stocks billion cubic feet (Bcf)					Year ago (06/22/17)		5-year average (2013-17)
Region	06/22/18	06/15/18		net change	implied flow	Bcf	% change	Bcf	% change
East	430	406		24	24	533	-19.3	543	-20.8
Midwest	425	401		24	24	673	-36.8	586	-27.5
Mountain	133	127		6	6	184	-27.7	159	-16.4
Pacific	251	246		5	5	280	-10.4	299	-16.1
South Central	835	828	R	7	7	1,140	-26.8	988	-15.5
Salt	252	258		-6	-6	341	-26.1	289	-12.8
Nonsalt	583	570	R	13	13	798	-26.9	699	-16.6
Total	2,074	2,008	R	66	66	2,809	-26.2	2,575	-19.5
R=Revised. The reported revision caused the stocks for June 15, 2018, to change from 2,004 Bcf to 2,008 Bcf. As a result, the implied net change between the weeks ending June 08 and June 15 changed from 91 Bcf to 95 Bcf.

Summary

Working gas in storage was 2,074 Bcf as of Friday, June 22, 2018, according to EIA estimates. This represents a net increase of 66 Bcf from the previous week. Stocks were 735 Bcf less than last year at this time and 501 Bcf below the five-year average of 2,575 Bcf. At 2,074 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	06/22/18	06/15/18	net change
East	1.5	1.5	0.4
Midwest	1.6	1.5	1.0
Mountain	1.6	1.8	0.3
Pacific	2.1	1.9	0.9
South Central	1.6	1.6	0.8
Salt	2.1	2.1	0.5
Nonsalt	2.1	2.2	0.7
Total	0.8	0.8	1.6
Note: Estimated measures of sampling variability reflect the data currently available at the time of the WNGSR release. As a result, revisions and other data updates may affect published standard errors and coefficients of variation.