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 Jul 27, 2018 6:39pm

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Post# 28379648

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.	27 July 2018	1,048	+2	20 July 2018	+90	28 July 2017
Canada	27 July 2018	223	+12	20 July 2018	+3	28 July 2017
International	June 2018	959	-8	May 2018	-1	June 2017




	Rotary Rig Count

	7/27/2018


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

Land		1030	6	1024	99	931
Inland Waters		2	-3	5	-1	3
Offshore		16	-1	17	-8	24
United States Total		1048	2	1046	90	958

Gulf Of Mexico		15	-2	17	-8	23

Canada		223	12	211	3	220

North America		1271	14	1257	93	1178

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

Oil		861	3	858	95	766
Gas		186	-1	187	-6	192
Miscellaneous		1	0	1	1	0

Directional		64	-3	67	-13	77
Horizontal		922	0	922	112	810
Vertical		62	5	57	-9	71


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

Oil		154	12	142	25	129
Gas		69	0	69	-22	91

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

Alaska		6	1	5	1	5
Arkansas		1	0	1	0	1
California		15	0	15	2	13
Colorado		32	0	32	-5	37
Kansas		1	1	0	1	0
Louisiana		52	-4	56	-20	72
New Mexico		104	1	103	43	61
North Dakota		57	1	56	3	54
Ohio		22	-1	23	-6	28
Oklahoma		137	-1	138	3	134
Pennsylvania		39	2	37	5	34
Texas		524	1	523	62	462
Utah		6	0	6	-4	10
West Virginia		17	1	16	3	14
Wyoming		28	0	28	2	26

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

Ardmore Woodford		2	0	2	1	1
Arkoma Woodford		7	0	7	-2	9
Barnett		3	0	3	-4	7
Cana Woodford		71	0	71	8	63
DJ-Niobrara		25	0	25	-4	29
Eagle Ford		80	-1	81	4	76
Fayetteville		0	0	0	-1	1
Granite Wash		14	2	12	-1	15
Haynesville		48	-1	49	3	45
Marcellus		55	3	52	9	46
Mississippian		5	0	5	-1	6
Permian		480	4	476	101	379
Utica		23	-1	24	-6	29
Williston		57	1	56	3	54

‹ See All Natural Gas Reports

Weekly Natural Gas Storage Report

for week ending July 20, 2018 | Released: July 26, 2018 at 10:30 a.m. | Next Release: August 2, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (07/20/17)		5-year average (2013-17)
Region	07/20/18	07/13/18	net change	implied flow	Bcf	% change	Bcf	% change
East	527	507	20	20	624	-15.5	630	-16.3
Midwest	524	501	23	23	742	-29.4	686	-23.6
Mountain	145	144	1	1	197	-26.4	174	-16.7
Pacific	257	259	-2	-2	294	-12.6	311	-17.4
South Central	820	838	-18	-18	1,122	-26.9	1,028	-20.2
Salt	214	230	-16	-16	310	-31.0	286	-25.2
Nonsalt	606	608	-2	-2	813	-25.5	741	-18.2
Total	2,273	2,249	24	24	2,978	-23.7	2,830	-19.7

Summary

Working gas in storage was 2,273 Bcf as of Friday, July 20, 2018, according to EIA estimates. This represents a net increase of 24 Bcf from the previous week. Stocks were 705 Bcf less than last year at this time and 557 Bcf below the five-year average of 2,830 Bcf. At 2,273 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	07/20/18	07/13/18	net change
East	1.3	1.3	0.3
Midwest	1.8	1.8	0.8
Mountain	1.8	1.7	0.7
Pacific	2.5	2.5	0.9
South Central	1.5	1.5	1.3
Salt	2.0	2.1	0.6
Nonsalt	1.9	1.9	1.1
Total	0.8	0.8	1.9