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 Sep 21, 2018 7:47pm

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Post# 28668765

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.	21 Sept 2018	1,053	-2	14 Sept 2018	+118	22 Sept 2017
Canada	21 Sept 2018	197	-29	14 Sept 2018	-23	22 Sept 2017
International	August 2018	1008	+11	July 2018	+56	August 2017

	Rotary Rig Count

	9/21/2018


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

Land		1028	-2	1030	115	913
Inland Waters		5	0	5	2	3
Offshore		20	0	20	1	19
United States Total		1053	-2	1055	118	935

Gulf Of Mexico		18	0	18	-1	19

Canada		197	-29	226	-23	220

North America		1250	-31	1281	95	1155

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

Oil		866	-1	867	122	744
Gas		186	0	186	-4	190
Miscellaneous		1	-1	2	0	1

Directional		69	-2	71	-8	77
Horizontal		919	-2	921	129	790
Vertical		65	2	63	-3	68


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

Oil		135	-13	148	13	122
Gas		62	-16	78	-36	98

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

Alaska		5	-2	7	0	5
California		15	0	15	-1	16
Colorado		32	0	32	-1	33
Louisiana		61	0	61	-4	65
New Mexico		99	0	99	31	68
North Dakota		53	-1	54	4	49
Ohio		18	-2	20	-11	29
Oklahoma		136	-3	139	9	127
Pennsylvania		44	0	44	11	33
Texas		531	6	525	78	453
Utah		5	0	5	-3	8
West Virginia		13	0	13	-3	16
Wyoming		30	0	30	5	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		60	-6	66	-3	63
DJ-Niobrara		27	0	27	1	26
Eagle Ford		79	1	78	11	68
Granite Wash		14	1	13	0	14
Haynesville		48	0	48	3	45
Marcellus		55	0	55	8	47
Mississippian		4	0	4	0	4
Permian		488	5	483	102	386
Utica		20	-2	22	-10	30
Williston		53	-1	54	4	49

Weekly Natural Gas Storage Report

for week ending September 14, 2018 | Released: September 20, 2018 at 10:30 a.m. | Next Release: September 27, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (09/14/17)		5-year average (2013-17)
Region	09/14/18	09/07/18	net change	implied flow	Bcf	% change	Bcf	% change
East	709	679	30	30	830	-14.6	801	-11.5
Midwest	770	734	36	36	933	-17.5	910	-15.4
Mountain	170	166	4	4	211	-19.4	199	-14.6
Pacific	255	250	5	5	299	-14.7	328	-22.3
South Central	818	806	12	12	1,120	-27.0	1,071	-23.6
Salt	184	182	2	2	301	-38.9	274	-32.8
Nonsalt	635	624	11	11	819	-22.5	797	-20.3
Total	2,722	2,636	86	86	3,394	-19.8	3,308	-17.7
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,722 Bcf as of Friday, September 14, 2018, according to EIA estimates. This represents a net increase of 86 Bcf from the previous week. Stocks were 672 Bcf less than last year at this time and 586 Bcf below the five-year average of 3,308 Bcf. At 2,722 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	09/14/18	09/07/18	net change
East	1.0	1.0	0.5
Midwest	0.9	0.9	0.6
Mountain	1.7	1.7	0.2
Pacific	0.0	0.0	0.0
South Central	0.6	0.7	0.5
Salt	2.3	2.3	0.1
Nonsalt	0.5	0.5	0.5
Total	0.4	0.4	0.9