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.

NYSE:OVV - Post by User

Ovintiv Inc

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Post by marpincanon Jul 06, 2018 6:33pm

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Post# 28280094

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.	06 July 2018	1,052	+5	29 June 2018	+100	07 July 2017
Canada	06 July 2018	182	+10	29 June 2018	+7	07 July 2017
International	May 2018	967	-11	April 2018	+10	May 2017



	Rotary Rig Count

	7/6/2018


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

Land		1029	5	1024	102	927
Inland Waters		4	0	4	0	4
Offshore		19	0	19	-2	21
United States Total		1052	5	1047	100	952

Gulf Of Mexico		18	0	18	-3	21

Canada		182	10	172	7	175

North America		1234	15	1219	107	1127

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

Oil		863	5	858	100	763
Gas		187	0	187	-2	189
Miscellaneous		2	0	2	2	0

Directional		67	2	65	-7	74
Horizontal		930	4	926	126	804
Vertical		55	-1	56	-19	74


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

Oil		126	9	117	21	105
Gas		56	1	55	-14	70

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

Alaska		7	-2	9	-1	8
Arkansas		1	0	1	0	1
California		16	0	16	5	11
Colorado		31	-1	32	-5	36
Louisiana		57	2	55	-12	69
New Mexico		99	4	95	40	59
North Dakota		57	3	54	5	52
Ohio		22	0	22	-5	27
Oklahoma		141	1	140	5	136
Pennsylvania		37	0	37	3	34
Texas		526	-4	530	63	463
Utah		6	-2	8	-1	7
West Virginia		17	0	17	4	13
Wyoming		27	1	26	2	25

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

Ardmore Woodford		2	-1	3	1	1
Arkoma Woodford		8	0	8	-2	10
Barnett		4	0	4	-3	7
Cana Woodford		68	-6	74	5	63
DJ-Niobrara		25	-1	26	-2	27
Eagle Ford		81	1	80	-3	84
Fayetteville		0	0	0	-1	1
Granite Wash		16	0	16	2	14
Haynesville		49	-1	50	6	43
Marcellus		53	0	53	8	45
Mississippian		5	0	5	-1	6
Permian		475	1	474	106	369
Utica		23	0	23	-5	28
Williston		57	3	54	5	52

‹ See All Natural Gas Reports

Weekly Natural Gas Storage Report

for week ending June 29, 2018 | Released: July 6, 2018 at 10:30 a.m. | Next Release: July 12, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (06/29/17)		5-year average (2013-17)
Region	06/29/18	06/22/18	net change	implied flow	Bcf	% change	Bcf	% change
East	460	430	30	30	560	-17.9	569	-19.2
Midwest	455	425	30	30	696	-34.6	614	-25.9
Mountain	139	133	6	6	187	-25.7	163	-14.7
Pacific	257	251	6	6	286	-10.1	302	-14.9
South Central	841	835	6	6	1,141	-26.3	997	-15.6
Salt	245	252	-7	-7	333	-26.4	288	-14.9
Nonsalt	596	583	13	13	808	-26.2	710	-16.1
Total	2,152	2,074	78	78	2,869	-25.0	2,645	-18.6

Summary

Working gas in storage was 2,152 Bcf as of Friday, June 29, 2018, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were 717 Bcf less than last year at this time and 493 Bcf below the five-year average of 2,645 Bcf. At 2,152 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	06/29/18	06/22/18	net change
East	1.4	1.5	0.4
Midwest	1.7	1.6	0.9
Mountain	1.7	1.6	0.3
Pacific	2.5	2.1	1.6
South Central	1.6	1.6	0.6
Salt	2.1	2.1	0.4
Nonsalt	2.1	2.1	0.5
Total	0.8	0.8	2.0