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 Sep 29, 2018 8:55am

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Post# 28714177

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.	28 Sept 2018	1,054	+1	21 Sept 2018	+114	29 Sept 2017
Canada	28 Sept 2018	178	-19	21 Sept 2018	-35	29 Sept 2017
International	August 2018	1008	+11	July 2018	+56	August 2017

	Rotary Rig Count

	9/28/2018


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

Land		1029	1	1028	113	916
Inland Waters		5	0	5	3	2
Offshore		20	0	20	-2	22
United States Total		1054	1	1053	114	940

Gulf Of Mexico		18	0	18	-4	22

Canada		178	-19	197	-35	213

North America		1232	-18	1250	79	1153

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

Oil		863	-3	866	113	750
Gas		189	3	186	0	189
Miscellaneous		2	1	1	1	1

Directional		69	0	69	-13	82
Horizontal		922	3	919	128	794
Vertical		63	-2	65	-1	64


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

Oil		122	-13	135	9	113
Gas		56	-6	62	-44	100

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

Alaska		6	1	5	1	5
California		13	-2	15	-3	16
Colorado		33	1	32	0	33
Louisiana		62	1	61	-5	67
New Mexico		97	-2	99	28	69
North Dakota		53	0	53	3	50
Ohio		18	0	18	-11	29
Oklahoma		141	5	136	17	124
Pennsylvania		44	0	44	11	33
Texas		529	-2	531	78	451
Utah		6	1	5	-6	12
West Virginia		13	0	13	-3	16
Wyoming		29	-1	30	4	25

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

Ardmore Woodford		3	1	2	1	2
Arkoma Woodford		7	0	7	-2	9
Barnett		2	0	2	-5	7
Cana Woodford		67	7	60	5	62
DJ-Niobrara		28	1	27	3	25
Eagle Ford		79	0	79	11	68
Granite Wash		13	-1	14	0	13
Haynesville		50	2	48	6	44
Marcellus		55	0	55	8	47
Mississippian		4	0	4	0	4
Permian		486	-2	488	101	385
Utica		20	0	20	-10	30
Williston		53	0	53	3	50

Weekly Natural Gas Storage Report

for week ending September 21, 2018 | Released: September 27, 2018 at 10:30 a.m. | Next Release: October 4, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (09/21/17)		5-year average (2013-17)
Region	09/21/18	09/14/18	net change	implied flow	Bcf	% change	Bcf	% change
East	729	709	20	20	846	-13.8	825	-11.6
Midwest	800	770	30	30	960	-16.7	942	-15.1
Mountain	173	170	3	3	216	-19.9	202	-14.4
Pacific	259	255	4	4	306	-15.4	331	-21.8
South Central	807	818	-11	-11	1,129	-28.5	1,090	-26.0
Salt	173	184	-11	-11	305	-43.3	281	-38.4
Nonsalt	634	635	-1	-1	824	-23.1	809	-21.6
Total	2,768	2,722	46	46	3,458	-20.0	3,389	-18.3
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,768 Bcf as of Friday, September 21, 2018, according to EIA estimates. This represents a net increase of 46 Bcf from the previous week. Stocks were 690 Bcf less than last year at this time and 621 Bcf below the five-year average of 3,389 Bcf. At 2,768 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	09/21/18	09/14/18	net change
East	1.0	1.0	0.2
Midwest	0.9	0.9	0.6
Mountain	1.7	1.7	0.1
Pacific	0.0	0.0	0.0
South Central	0.6	0.6	0.6
Salt	2.4	2.3	0.4
Nonsalt	0.5	0.5	0.5
Total	0.4	0.4	0.9