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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

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

Bullboard Posts
Post by marpincanon Aug 18, 2018 11:10am
73 Views
Post# 28482033

Rig count and storage

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. 17 August 2018 1,057 0 10 August 2018 +111 18 August 2017
Canada 17 August 2018 212 +3 10 August 2018 -2 18 August 2017
International July 2018 997 +38 June 2018 +38 July 2017

  Rotary Rig Count          
                   
  8/17/2018          
                   
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 1034 -1 1035 107 927
Inland Waters 2 0 2 -1 3
Offshore 21 1 20 5 16
United States Total 1057 0 1057 111 946
           
Gulf Of Mexico 19 1 18 3 16
           
Canada 212 3 209 -2 214
           
North America 1269 3 1266 109 1160
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 869 0 869 106 763
Gas 186 0 186 4 182
Miscellaneous 2 0 2 1 1
           
Directional 70 6 64 -11 81
Horizontal 922 -2 924 123 799
Vertical 65 -4 69 -1 66
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 141 1 140 20 121
Gas 71 2 69 -22 93
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 6 -1 7 1 5
Arkansas 0 0 0 -1 1
California 16 0 16 0 16
Colorado 30 0 30 -7 37
Louisiana 61 2 59 -4 65
New Mexico 104 -3 107 42 62
North Dakota 56 0 56 5 51
Ohio 22 -1 23 -6 28
Oklahoma 140 1 139 9 131
Pennsylvania 41 2 39 7 34
Texas 525 3 522 66 459
Utah 6 0 6 -3 9
West Virginia 13 -1 14 -1 14
Wyoming 29 -1 30 3 26
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 2 0 2 0 2
Arkoma Woodford 7 1 6 -1 8
Barnett 2 0 2 -5 7
Cana Woodford 65 -3 68 -2 67
DJ-Niobrara 24 -1 25 -6 30
Eagle Ford 79 0 79 4 75
Fayetteville 0 0 0 -1 1
Granite Wash 15 -2 17 1 14
Haynesville 48 -1 49 3 45
Marcellus 53 1 52 7 46
Mississippian 4 -2 6 -1 5
Permian 486 1 485 109 377
Utica 23 -1 24 -6 29
Williston 56 0 56 5 51

Weekly Natural Gas Storage Report

for week ending August 10, 2018   |   Released: August 16, 2018 at 10:30 a.m.   |   Next Release: August 23, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(08/10/17)
5-year average
(2013-17)
Region 08/10/18 08/03/18 net change implied flow   Bcf % change Bcf % change
East 592     575     17     17       697     -15.1     694     -14.7    
Midwest 603     579     24     24       794     -24.1     759     -20.6    
Mountain 151     148     3     3       204     -26.0     183     -17.5    
Pacific 240     245     -5     -5       292     -17.8     320     -25.0    
South Central 801     807     -6     -6       1,088     -26.4     1,026     -21.9    
   Salt 190     200     -10     -10       284     -33.1     271     -29.9    
   Nonsalt 610     607     3     3       804     -24.1     755     -19.2    
Total 2,387     2,354     33     33       3,074     -22.3     2,982     -20.0    

EIA will begin publishing estimates based on a new sample selected for the Weekly Natural Gas Storage Report (WNGSR) on September 13, 2018, with the report for the week ending September 7, 2018. On Monday, September 10, 2018, EIA will revise estimates for the eight weeks covering July 13, 2018, through August 31, 2018, to gradually phase in the estimates from the new sample. Although the established sampling and estimation methodologies for the WNGSR have not changed, estimates produced from the new sample will reflect the most recent version of the EIA's Form EIA-912, which requires storage operators in the South Central region to separately report the volume of working natural gas held in salt facilities and nonsalt facilities. For additional information, please see the notice of changes to the WNGSR: https://ir.eia.gov/ngs/notice.html.

Summary

Working gas in storage was 2,387 Bcf as of Friday, August 10, 2018, according to EIA estimates. This represents a net increase of 33 Bcf from the previous week. Stocks were 687 Bcf less than last year at this time and 595 Bcf below the five-year average of 2,982 Bcf. At 2,387 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 08/10/18 08/03/18   net change
East 1.2     1.3       0.2    
Midwest 1.9     1.9       1.0    
Mountain 2.4     2.3       0.3    
Pacific 3.8     3.1       1.6    
South Central 1.5     1.5       1.1    
   Salt 1.6     1.7       1.0    
   Nonsalt 1.9     1.9       0.5    
Total 0.9     0.8       2.3    
 
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