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 Aug 31, 2018 6:48pm

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Post# 28551579

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.	31 August 2018	1,048	+4	24 August 2018	+105	1 September 2017
Canada	31 August 2018	228	-1	24 August 2018	+27	1 September 2017
International	July 2018	997	+38	June 2018	+38	July 2017


	Rotary Rig Count

	8/31/2018


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

Land		1028	3	1025	105	923
Inland Waters		2	1	1	-2	4
Offshore		18	0	18	2	16
United States Total		1048	4	1044	105	943

Gulf Of Mexico		16	0	16	0	16

Canada		228	-1	229	27	201

North America		1276	3	1273	132	1144

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

Oil		862	2	860	103	759
Gas		184	2	182	1	183
Miscellaneous		2	0	2	1	1

Directional		65	3	62	-16	81
Horizontal		917	-2	919	123	794
Vertical		66	3	63	-2	68


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

Oil		151	-2	153	49	102
Gas		77	1	76	-22	99

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

Alaska		5	0	5	-1	6
Arkansas		0	0	0	-1	1
California		15	0	15	-1	16
Colorado		30	0	30	-7	37
Kansas		1	1	0	1	0
Louisiana		55	1	54	-11	66
New Mexico		102	-1	103	37	65
North Dakota		52	0	52	0	52
Ohio		21	0	21	-8	29
Oklahoma		139	-1	140	9	130
Pennsylvania		41	1	40	9	32
Texas		528	0	528	73	455
Utah		6	0	6	-2	8
West Virginia		13	0	13	-1	14
Wyoming		29	0	29	4	25

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

Ardmore Woodford		2	0	2	0	2
Arkoma Woodford		7	0	7	-2	9
Barnett		2	0	2	-5	7
Cana Woodford		67	2	65	2	65
DJ-Niobrara		24	0	24	-6	30
Eagle Ford		78	-1	79	5	73
Fayetteville		0	0	0	-1	1
Granite Wash		13	-2	15	-3	16
Haynesville		49	0	49	5	44
Marcellus		53	1	52	9	44
Mississippian		4	0	4	0	4
Permian		486	1	485	106	380
Utica		22	0	22	-8	30
Williston		52	0	52	0	52

Weekly Natural Gas Storage Report

for week ending August 24, 2018 | Released: August 30, 2018 at 10:30 a.m. | Next Release: September 6, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (08/24/17)		5-year average (2013-17)
Region	08/24/18	08/17/18	net change	implied flow	Bcf	% change	Bcf	% change
East	640	613	27	27	746	-14.2	737	-13.2
Midwest	667	632	35	35	837	-20.3	815	-18.2
Mountain	157	153	4	4	205	-23.4	189	-16.9
Pacific	241	239	2	2	300	-19.7	323	-25.4
South Central	800	798	2	2	1,062	-24.7	1,029	-22.3
Salt	183	185	-2	-2	264	-30.7	262	-30.2
Nonsalt	617	613	4	4	797	-22.6	767	-19.6
Total	2,505	2,435	70	70	3,151	-20.5	3,093	-19.0
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 2,505 Bcf as of Friday, August 24, 2018, according to EIA estimates. This represents a net increase of 70 Bcf from the previous week. Stocks were 646 Bcf less than last year at this time and 588 Bcf below the five-year average of 3,093 Bcf. At 2,505 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	08/24/18	08/17/18	net change
East	1.2	1.2	0.6
Midwest	2.0	2.0	0.9
Mountain	2.8	2.6	0.5
Pacific	4.9	4.3	1.5
South Central	1.6	1.5	1.0
Salt	1.8	1.7	0.5
Nonsalt	1.9	1.9	0.9
Total	0.9	0.9	2.2