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 Aug 11, 2018 1:15pm

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Post# 28444841

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.	10 August 2018	1,057	+13	3 August 2018	+108	11 August 2017
Canada	10 August 2018	209	-14	3 August 2018	-11	11 August 2017
International	July 2018	997	+38	June 2018	+38	July 2017




	Rotary Rig Count

	8/10/2018


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

Land		1035	10	1025	107	928
Inland Waters		2	0	2	-1	3
Offshore		20	3	17	2	18
United States Total		1057	13	1044	108	949

Gulf Of Mexico		18	2	16	1	17

Canada		209	-14	223	-11	220

North America		1266	-1	1267	97	1169

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

Oil		869	10	859	101	768
Gas		186	3	183	5	181
Miscellaneous		2	0	2	2	0

Directional		64	0	64	-12	76
Horizontal		924	12	912	123	801
Vertical		69	1	68	-3	72


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

Oil		140	-12	152	13	127
Gas		69	-2	71	-24	93

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

Alaska		7	2	5	1	6
Arkansas		0	-1	1	-1	1
California		16	1	15	2	14
Colorado		30	0	30	-7	37
Kansas		0	-1	1	0	0
Louisiana		59	6	53	-7	66
New Mexico		107	5	102	46	61
North Dakota		56	0	56	3	53
Ohio		23	1	22	-5	28
Oklahoma		139	2	137	7	132
Pennsylvania		39	-1	40	5	34
Texas		522	-2	524	63	459
Utah		6	0	6	-4	10
West Virginia		14	0	14	0	14
Wyoming		30	0	30	4	26

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

Ardmore Woodford		2	0	2	1	1
Arkoma Woodford		6	-1	7	-2	8
Barnett		2	-1	3	-5	7
Cana Woodford		68	0	68	5	63
DJ-Niobrara		25	0	25	-5	30
Eagle Ford		79	-1	80	4	75
Fayetteville		0	0	0	-1	1
Granite Wash		17	1	16	2	15
Haynesville		49	1	48	4	45
Marcellus		52	-1	53	6	46
Mississippian		6	0	6	-1	7
Permian		485	5	480	108	377
Utica		24	1	23	-5	29
Williston		56	0	56	3	53

Weekly Natural Gas Storage Report

for week ending August 3, 2018 | Released: August 9, 2018 at 10:30 a.m. | Next Release: August 16, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (08/03/17)		5-year average (2013-17)
Region	08/03/18	07/27/18	net change	implied flow	Bcf	% change	Bcf	% change
East	575	552	23	23	670	-14.2	672	-14.4
Midwest	579	552	27	27	769	-24.7	732	-20.9
Mountain	148	146	2	2	202	-26.7	180	-17.8
Pacific	245	250	-5	-5	290	-15.5	316	-22.5
South Central	807	808	-1	-1	1,095	-26.3	1,026	-21.3
Salt	200	203	-3	-3	291	-31.3	275	-27.3
Nonsalt	607	604	3	3	804	-24.5	751	-19.2
Total	2,354	2,308	46	46	3,025	-22.2	2,926	-19.5

Summary

Working gas in storage was 2,354 Bcf as of Friday, August 3, 2018, according to EIA estimates. This represents a net increase of 46 Bcf from the previous week. Stocks were 671 Bcf less than last year at this time and 572 Bcf below the five-year average of 2,926 Bcf. At 2,354 Bcf, total working gas is below 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	08/03/18	07/27/18	net change
East	1.3	1.3	0.4
Midwest	1.9	1.8	0.8
Mountain	2.3	2.1	0.5
Pacific	3.1	2.8	0.8
South Central	1.5	1.5	0.9
Salt	1.7	1.9	0.5
Nonsalt	1.9	1.9	0.7
Total	0.8	0.8	1.6