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 Jan 18, 2019 8:06pm

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Post# 29254389

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.	18 Jan 2019	1,050	-25	11 Jan 2019	+114	19 Jan 2018
Canada	18 Jan 2019	209	+25	11 Jan 2019	-116	19 Jan 2018
International	Dec 2018	1,025	+34	Nov 2018	+71	Dec 2017

	Rotary Rig Count

	1/18/2019


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

Land		1029	-23	1052	113	916
Inland Waters		2	0	2	1	1
Offshore		19	-2	21	0	19
United States Total		1050	-25	1075	114	936

Gulf Of Mexico		19	-2	21	0	19

Canada		209	25	184	-116	325

North America		1259	0	1259	-2	1261

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

Oil		852	-21	873	105	747
Gas		198	-4	202	9	189

Directional		55	-7	62	-22	77
Horizontal		929	-19	948	127	802
Vertical		66	1	65	9	57


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

Oil		128	25	103	-80	208
Gas		81	0	81	-36	117

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

Alaska		10	1	9	5	5
California		7	-3	10	-7	14
Colorado		34	-1	35	2	32
Kansas		1	-2	3	1	0
Louisiana		61	-2	63	-1	62
New Mexico		108	1	107	26	82
North Dakota		54	1	53	10	44
Ohio		17	1	16	-6	23
Oklahoma		126	-10	136	5	121
Pennsylvania		48	-1	49	11	37
Texas		521	-11	532	68	453
Utah		6	0	6	-5	11
West Virginia		15	1	14	0	15
Wyoming		34	1	33	5	29

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

Ardmore Woodford		3	1	2	2	1
Arkoma Woodford		6	0	6	-3	9
Barnett		2	0	2	-1	3
Cana Woodford		62	5	57	-9	71
DJ-Niobrara		31	0	31	6	25
Eagle Ford		81	1	80	14	67
Granite Wash		8	-3	11	-3	11
Haynesville		54	1	53	8	46
Marcellus		62	1	61	11	51
Mississippian		6	-2	8	2	4
Permian		481	-7	488	72	409
Utica		18	0	18	-6	24
Williston		56	0	56	11	45

Weekly Natural Gas Storage Report

for week ending January 11, 2019 | Released: January 17, 2019 at 10:30 a.m. | Next Release: January 24, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (01/11/18)		5-year average (2014-18)
Region	01/11/19	01/04/19	net change	implied flow	Bcf	% change	Bcf	% change
East	620	651	-31	-31	621	-0.2	666	-6.9
Midwest	729	763	-34	-34	726	0.4	769	-5.2
Mountain	127	132	-5	-5	159	-20.1	164	-22.6
Pacific	196	204	-8	-8	245	-20.0	264	-25.8
South Central	861	865	-4	-4	859	0.2	997	-13.6
Salt	303	302	1	1	209	45.0	276	9.8
Nonsalt	557	563	-6	-6	651	-14.4	722	-22.9
Total	2,533	2,614	-81	-81	2,610	-3.0	2,860	-11.4
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,533 Bcf as of Friday, January 11, 2019, according to EIA estimates. This represents a net decrease of 81 Bcf from the previous week. Stocks were 77 Bcf less than last year at this time and 327 Bcf below the five-year average of 2,860 Bcf. At 2,533 Bcf, total working gas is within 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 2014 through 2018. 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	01/11/19	01/04/19	net change
East	1.2	1.1	0.2
Midwest	0.9	0.8	0.4
Mountain	1.1	1.2	0.2
Pacific	0.0	0.0	0.0
South Central	0.8	0.8	0.6
Salt	1.8	1.8	0.1
Nonsalt	0.7	0.6	0.6
Total	0.5	0.5	0.8