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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 Oct 12, 2018 6:38pm
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Post# 28792280

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. 12 Oct
2018		 1,063 +11 5 Oct
2018		 +135 13 Oct
2017
Canada 12 Oct
2018		 195 +13 5 Oct
2018		 -17 13 Oct
2017
International Sept
2018		 1,004 -4 Aug
2018		 +73 Sept
2017

  Rotary Rig Count          
                   
  10/12/2018          
                   
                   
Location Week +/- Week
Ago		 +/- Year
Ago
           
Land 1037 11 1026 130 907
Inland Waters 3 0 3 2 1
Offshore 23 0 23 3 20
United States Total 1063 11 1052 135 928
           
Gulf Of Mexico 22 0 22 2 20
           
Canada 195 13 182 -17 212
           
North America 1258 24 1234 118 1140
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 869 8 861 126 743
Gas 193 4 189 8 185
Miscellaneous 1 -1 2 1 0
           
Directional 70 4 66 -9 79
Horizontal 927 8 919 141 786
Vertical 66 -1 67 3 63
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 127 8 119 15 112
Gas 68 5 63 -32 100
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 5 0 5 -1 6
California 13 0 13 -1 14
Colorado 33 1 32 -1 34
Kansas 1 0 1 0 1
Louisiana 64 2 62 -1 65
New Mexico 102 3 99 33 69
North Dakota 52 0 52 1 51
Ohio 17 -1 18 -12 29
Oklahoma 142 -1 143 18 124
Pennsylvania 45 0 45 13 32
Texas 532 8 524 88 444
Utah 6 0 6 -6 12
West Virginia 13 0 13 -2 15
Wyoming 30 1 29 7 23
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 3 0 3 1 2
Arkoma Woodford 8 1 7 -3 11
Barnett 2 0 2 -2 4
Cana Woodford 64 -2 66 4 60
DJ-Niobrara 28 1 27 3 25
Eagle Ford 77 -1 78 14 63
Granite Wash 13 0 13 1 12
Haynesville 50 0 50 6 44
Marcellus 56 0 56 11 45
Mississippian 7 0 7 2 5
Permian 489 4 485 105 384
Utica 19 -1 20 -11 30
Williston 52 0 52 1 51

Weekly Natural Gas Storage Report

for week ending October 5, 2018   |   Released: October 11, 2018 at 10:30 a.m.   |   Next Release: October 18, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)		   Year ago
(10/05/17)		 5-year average
(2013-17)
Region 10/05/18 09/28/18 net change implied flow   Bcf % change Bcf % change
East 790     763     27     27       881     -10.3     869     -9.1    
Midwest 871     836     35     35       1,019     -14.5     1,004     -13.2    
Mountain 180     177     3     3       223     -19.3     210     -14.3    
Pacific 262     262     0     0       314     -16.6     340     -22.9    
South Central 854     829     25     25       1,146     -25.5     1,139     -25.0    
   Salt 191     181     10     10       309     -38.2     300     -36.3    
   Nonsalt 663     648     15     15       836     -20.7     840     -21.1    
Total 2,956     2,866     90     90       3,583     -17.5     3,563     -17.0    
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,956 Bcf as of Friday, October 5, 2018, according to EIA estimates. This represents a net increase of 90 Bcf from the previous week. Stocks were 627 Bcf less than last year at this time and 607 Bcf below the five-year average of 3,563 Bcf. At 2,956 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 10/05/18 09/28/18   net change
East 0.9     0.9       0.8    
Midwest 0.9     0.9       0.4    
Mountain 1.7     1.8       0.2    
Pacific 0.0     0.0       0.0    
South Central 0.6     0.6       0.4    
   Salt 2.3     2.3       0.3    
   Nonsalt 0.5     0.5       0.2    
Total 0.4     0.4       1.0    

 

More Storage Data

References

Analysis

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