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 Oct 05, 2018 7:51pm

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Post# 28756114

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.	5 Oct 2018	1,052	-2	28 Sept 2018	+116	6 Oct 2017
Canada	5 Oct 2018	182	+4	28 Sept 2018	-27	6 Oct 2017
International	Sept 2018	1,004	-4	Aug 2018	+73	Sept 2017

	Rotary Rig Count

	10/5/2018


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

Land		1026	-3	1029	113	913
Inland Waters		3	-2	5	2	1
Offshore		23	3	20	1	22
United States Total		1052	-2	1054	116	936

Gulf Of Mexico		22	4	18	0	22

Canada		182	4	178	-27	209

North America		1234	2	1232	89	1145

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

Oil		861	-2	863	113	748
Gas		189	0	189	2	187
Miscellaneous		2	0	2	1	1

Directional		66	-3	69	-13	79
Horizontal		919	-3	922	127	792
Vertical		67	4	63	2	65


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

Oil		119	-3	122	7	112
Gas		63	7	56	-34	97

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

Alaska		5	-1	6	0	5
California		13	0	13	-3	16
Colorado		32	-1	33	-2	34
Kansas		1	1	0	1	0
Louisiana		62	0	62	-4	66
New Mexico		99	2	97	30	69
North Dakota		52	-1	53	2	50
Ohio		18	0	18	-11	29
Oklahoma		143	2	141	16	127
Pennsylvania		45	1	44	14	31
Texas		524	-5	529	76	448
Utah		6	0	6	-6	12
West Virginia		13	0	13	-3	16
Wyoming		29	0	29	6	23

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

Ardmore Woodford		3	0	3	1	2
Arkoma Woodford		7	0	7	-4	11
Barnett		2	0	2	-6	8
Cana Woodford		66	-1	67	6	60
DJ-Niobrara		27	-1	28	1	26
Eagle Ford		78	-1	79	9	69
Granite Wash		13	0	13	0	13
Haynesville		50	0	50	6	44
Marcellus		56	1	55	11	45
Mississippian		7	3	4	3	4
Permian		485	-1	486	102	383
Utica		20	0	20	-10	30
Williston		52	-1	53	2	50

Weekly Natural Gas Storage Report

for week ending September 28, 2018 | Released: October 4, 2018 at 10:30 a.m. | Next Release: October 11, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (09/28/17)		5-year average (2013-17)
Region	09/28/18	09/21/18	net change	implied flow	Bcf	% change	Bcf	% change
East	763	729	34	34	859	-11.2	848	-10.0
Midwest	836	800	36	36	985	-15.1	973	-14.1
Mountain	177	173	4	4	220	-19.5	206	-14.1
Pacific	262	259	3	3	310	-15.5	335	-21.8
South Central	829	807	22	22	1,127	-26.4	1,111	-25.4
Salt	181	173	8	8	301	-39.9	288	-37.2
Nonsalt	648	634	14	14	827	-21.6	823	-21.3
Total	2,866	2,768	98	98	3,502	-18.2	3,473	-17.5
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,866 Bcf as of Friday, September 28, 2018, according to EIA estimates. This represents a net increase of 98 Bcf from the previous week. Stocks were 636 Bcf less than last year at this time and 607 Bcf below the five-year average of 3,473 Bcf. At 2,866 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	09/28/18	09/21/18	net change
East	0.9	1.0	0.8
Midwest	0.9	0.9	0.5
Mountain	1.8	1.7	0.2
Pacific	0.0	0.0	0.0
South Central	0.6	0.6	0.7
Salt	2.3	2.4	0.6
Nonsalt	0.5	0.5	0.3
Total	0.4	0.4	1.1