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 19, 2018 5:14pm

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Post# 28838449

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.	19 Oct 2018	1,067	+4	12 Oct 2018	+154	20 Oct 2017
Canada	19 Oct 2018	191	-4	12 Oct 2018	-11	20 Oct 2017
International	Sept 2018	1,004	-4	Aug 2018	+73	Sept 2017

	Rotary Rig Count

	10/19/2018


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

Land		1044	7	1037	152	892
Inland Waters		3	0	3	2	1
Offshore		20	-3	23	0	20
United States Total		1067	4	1063	154	913

Gulf Of Mexico		19	-3	22	-1	20

Canada		191	-4	195	-11	202

North America		1258	0	1258	143	1115

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

Oil		873	4	869	137	736
Gas		194	1	193	17	177
Miscellaneous		0	-1	1	0	0

Directional		72	2	70	-8	80
Horizontal		926	-1	927	155	771
Vertical		69	3	66	7	62


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

Oil		123	-4	127	16	107
Gas		68	0	68	-27	95

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

Alaska		3	-2	5	-1	4
California		15	2	13	1	14
Colorado		33	0	33	-1	34
Kansas		1	0	1	0	1
Louisiana		64	0	64	-1	65
New Mexico		100	-2	102	32	68
North Dakota		52	0	52	1	51
Ohio		17	0	17	-12	29
Oklahoma		141	-1	142	17	124
Pennsylvania		44	-1	45	12	32
Texas		540	8	532	104	436
Utah		6	0	6	-5	11
West Virginia		13	0	13	-2	15
Wyoming		30	0	30	9	21

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

Ardmore Woodford		3	0	3	1	2
Arkoma Woodford		8	0	8	-2	10
Barnett		3	1	2	-1	4
Cana Woodford		63	-1	64	1	62
DJ-Niobrara		28	0	28	3	25
Eagle Ford		79	2	77	14	65
Granite Wash		14	1	13	2	12
Haynesville		50	0	50	9	41
Marcellus		55	-1	56	10	45
Mississippian		7	0	7	2	5
Permian		490	1	489	112	378
Utica		19	0	19	-11	30
Williston		52	0	52	1	51

Weekly Natural Gas Storage Report

for week ending October 12, 2018 | Released: October 18, 2018 at 10:30 a.m. | Next Release: October 25, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (10/12/17)		5-year average (2013-17)
Region	10/12/18	10/05/18	net change	implied flow	Bcf	% change	Bcf	% change
East	812	790	22	22	899	-9.7	887	-8.5
Midwest	908	871	37	37	1,050	-13.5	1,032	-12.0
Mountain	177	180	-3	-3	224	-21.0	213	-16.9
Pacific	264	262	2	2	316	-16.5	344	-23.3
South Central	877	854	23	23	1,150	-23.7	1,166	-24.8
Salt	203	191	12	12	303	-33.0	310	-34.5
Nonsalt	673	663	10	10	847	-20.5	856	-21.4
Total	3,037	2,956	81	81	3,638	-16.5	3,642	-16.6
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 3,037 Bcf as of Friday, October 12, 2018, according to EIA estimates. This represents a net increase of 81 Bcf from the previous week. Stocks were 601 Bcf less than last year at this time and 605 Bcf below the five-year average of 3,642 Bcf. At 3,037 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	10/12/18	10/05/18	net change
East	0.9	0.9	0.6
Midwest	0.9	0.9	0.5
Mountain	1.6	1.7	0.3
Pacific	0.0	0.0	0.0
South Central	0.6	0.6	0.4
Salt	2.2	2.3	0.2
Nonsalt	0.5	0.5	0.3
Total	0.4	0.4	0.9