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

Bullboard Posts

Post by marpincanon Oct 27, 2018 10:30am

40 Views

Post# 28881988

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.	26 Oct 2018	1,068	+1	19 Oct 2018	+159	27 Oct 2017
Canada	26 Oct 2018	200	+9	19 Oct 2018	+9	27 Oct 2017
International	Sept 2018	1,004	-4	Aug 2018	+73	Sept 2017




	Rotary Rig Count

	10/26/2018


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

Land		1046	2	1044	158	888
Inland Waters		3	0	3	2	1
Offshore		19	-1	20	-1	20
United States Total		1068	1	1067	159	909

Gulf Of Mexico		18	-1	19	-2	20

Canada		200	9	191	9	191

North America		1268	10	1258	168	1100

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

Oil		875	2	873	138	737
Gas		193	-1	194	21	172

Directional		73	1	72	-1	74
Horizontal		927	1	926	158	769
Vertical		68	-1	69	2	66


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

Oil		124	1	123	28	96
Gas		76	8	68	-18	94
Miscellaneous		0	0	0	-1	1

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

Alaska		5	2	3	2	3
California		15	0	15	1	14
Colorado		32	-1	33	-1	33
Kansas		1	0	1	1	0
Louisiana		61	-3	64	-1	62
New Mexico		101	1	100	34	67
North Dakota		54	2	52	5	49
Ohio		17	0	17	-12	29
Oklahoma		141	0	141	16	125
Pennsylvania		44	0	44	13	31
Texas		537	-3	540	96	441
Utah		6	0	6	-5	11
West Virginia		14	1	13	1	13
Wyoming		30	0	30	8	22

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

Ardmore Woodford		3	0	3	1	2
Arkoma Woodford		8	0	8	-2	10
Barnett		2	-1	3	-3	5
Cana Woodford		63	0	63	-3	66
DJ-Niobrara		27	-1	28	2	25
Eagle Ford		79	0	79	14	65
Granite Wash		14	0	14	4	10
Haynesville		51	1	50	10	41
Marcellus		56	1	55	14	42
Mississippian		7	0	7	2	5
Permian		489	-1	490	110	379
Utica		19	0	19	-11	30
Williston		56	4	52	7	49

Weekly Natural Gas Storage Report

for week ending October 19, 2018 | Released: October 25, 2018 at 10:30 a.m. | Next Release: November 1, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
							Historical Comparisons
	Stocks billion cubic feet (Bcf)						Year ago (10/19/17)		5-year average (2013-17)
Region	10/19/18		10/12/18	net change	implied flow		Bcf	% change	Bcf	% change
East	825		812	13	13		913	-9.6	903	-8.6
Midwest	934		908	26	26		1,078	-13.4	1,058	-11.7
Mountain	177		177	0	0		224	-21.0	215	-17.7
Pacific	262		264	-2	-2		315	-16.8	346	-24.3
South Central	896	C	877	19	24	C	1,171	-23.5	1,196	-25.1
Salt	218		203	15	15		311	-29.9	324	-32.7
Nonsalt	678	C	673	5	10	C	859	-21.1	872	-22.2
Total	3,095	C	3,037	58	63	C	3,701	-16.4	3,719	-16.8
C=Reclassification Non-flow-related adjustments decreased working gas stocks by approximately 5 Bcf in the South Central Nonsalt region for the week ending October 19, 2018. The implied flow for the week is an injection of 63 Bcf to working gas stocks in the Lower 48 states. (See Notes and Definitions for more information.) Starting with the Weekly Natural Gas Storage Report (WNGSR) release on Thursday, November 15, 2018, the WNGSR history file will include a new worksheet showing the net change for each report week. You can view the new format in this test file. Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 3,095 Bcf as of Friday, October 19, 2018, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. Stocks were 606 Bcf less than last year at this time and 624 Bcf below the five-year average of 3,719 Bcf. At 3,095 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	10/19/18	10/12/18	net change
East	0.9	0.9	0.2
Midwest	0.9	0.9	0.4
Mountain	1.6	1.6	0.2
Pacific	0.0	0.0	0.0
South Central	0.6	0.6	0.5
Salt	2.1	2.2	0.4
Nonsalt	0.5	0.5	0.3
Total	0.4	0.4	0.7