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 21, 2018 8:31pm

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Post# 28349408

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.	20 July 2018	1,046	-8	13 June 2018	+96	21 July 2017
Canada	20 July 2018	211	+14	13 June 2018	+5	21 July 2017
International	June 2018	959	-8	May 2018	-1	June 2017



	Rotary Rig Count

	7/20/2018


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

Land		1024	-6	1030	100	924
Inland Waters		5	0	5	2	3
Offshore		17	-2	19	-6	23
United States Total		1046	-8	1054	96	950

Gulf Of Mexico		17	-2	19	-6	23

Canada		211	14	197	5	206

North America		1257	6	1251	101	1156

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

Oil		858	-5	863	94	764
Gas		187	-2	189	1	186
Miscellaneous		1	-1	2	1	0

Directional		67	-1	68	-8	75
Horizontal		922	-8	930	119	803
Vertical		57	1	56	-15	72


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

Oil		142	3	139	24	118
Gas		69	11	58	-19	88

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

Alaska		5	-1	6	0	5
Arkansas		1	0	1	0	1
California		15	0	15	2	13
Colorado		32	0	32	-5	37
Louisiana		56	-2	58	-15	71
New Mexico		103	4	99	46	57
North Dakota		56	-1	57	2	54
Ohio		23	1	22	-4	27
Oklahoma		138	-3	141	7	131
Pennsylvania		37	0	37	3	34
Texas		523	-5	528	60	463
Utah		6	0	6	-4	10
West Virginia		16	-1	17	3	13
Wyoming		28	1	27	3	25

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

Ardmore Woodford		2	0	2	1	1
Arkoma Woodford		7	-1	8	-2	9
Barnett		3	-1	4	-3	6
Cana Woodford		71	2	69	12	59
DJ-Niobrara		25	0	25	-5	30
Eagle Ford		81	0	81	3	78
Fayetteville		0	0	0	-1	1
Granite Wash		12	-3	15	-2	14
Haynesville		49	0	49	4	45
Marcellus		52	-1	53	7	45
Mississippian		5	0	5	0	5
Permian		476	0	476	102	374
Utica		24	1	23	-4	28
Williston		56	-1	57	2	54

Weekly Natural Gas Storage Report

for week ending July 13, 2018 | Released: July 19, 2018 at 10:30 a.m. | Next Release: July 26, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (07/13/17)		5-year average (2013-17)
Region	07/13/18	07/06/18	net change	implied flow	Bcf	% change	Bcf	% change
East	507	480	27	27	606	-16.3	613	-17.3
Midwest	501	477	24	24	731	-31.5	666	-24.8
Mountain	144	143	1	1	194	-25.8	171	-15.8
Pacific	259	260	-1	-1	292	-11.3	309	-16.2
South Central	838	843	-5	-5	1,136	-26.2	1,025	-18.2
Salt	230	238	-8	-8	320	-28.1	291	-21.0
Nonsalt	608	605	3	3	816	-25.5	734	-17.2
Total	2,249	2,203	46	46	2,959	-24.0	2,784	-19.2

Summary

Working gas in storage was 2,249 Bcf as of Friday, July 13, 2018, according to EIA estimates. This represents a net increase of 46 Bcf from the previous week. Stocks were 710 Bcf less than last year at this time and 535 Bcf below the five-year average of 2,784 Bcf. At 2,249 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	07/13/18	07/06/18	net change
East	1.3	1.3	0.5
Midwest	1.8	1.7	0.9
Mountain	1.7	1.6	0.7
Pacific	2.5	2.5	0.9
South Central	1.5	1.5	0.9
Salt	2.1	2.0	0.4
Nonsalt	1.9	2.0	0.8
Total	0.8	0.8	1.8