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 Jan 25, 2019 6:12pm

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Post# 29283654

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.	25 Jan 2019	1,059	+9	18 Jan 2019	+112	26 Jan 2018
Canada	25 Jan 2019	232	+23	18 Jan 2019	-106	26 Jan 2018
International	Dec 2018	1,025	+34	Nov 2018	+71	Dec 2017

	Rotary Rig Count

	1/25/2019


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

Land		1038	9	1029	109	929
Inland Waters		1	-1	2	0	1
Offshore		20	1	19	3	17
United States Total		1059	9	1050	112	947

Gulf Of Mexico		20	1	19	3	17

Canada		232	23	209	-106	338

North America		1291	32	1259	6	1285

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

Oil		862	10	852	103	759
Gas		197	-1	198	9	188

Directional		59	4	55	-14	73
Horizontal		932	3	929	124	808
Vertical		68	2	66	2	66


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

Oil		146	18	128	-74	220
Gas		86	5	81	-32	118

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

Alaska		11	1	10	6	5
California		6	-1	7	-8	14
Colorado		35	1	34	3	32
Kansas		1	0	1	1	0
Louisiana		63	2	61	4	59
New Mexico		112	4	108	27	85
North Dakota		57	3	54	13	44
Ohio		18	1	17	-4	22
Oklahoma		126	0	126	9	117
Pennsylvania		47	-1	48	10	37
Texas		517	-4	521	51	466
Utah		8	2	6	-2	10
West Virginia		17	2	15	-2	19
Wyoming		33	-1	34	4	29

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

Ardmore Woodford		3	0	3	2	1
Arkoma Woodford		6	0	6	-3	9
Barnett		2	0	2	0	2
Cana Woodford		62	0	62	-6	68
DJ-Niobrara		31	0	31	6	25
Eagle Ford		81	0	81	15	66
Granite Wash		8	0	8	-4	12
Haynesville		54	0	54	9	45
Marcellus		63	1	62	8	55
Mississippian		6	0	6	3	3
Permian		484	3	481	57	427
Utica		19	1	18	-4	23
Williston		58	2	56	13	45

Weekly Natural Gas Storage Report

for week ending January 18, 2019 | Released: January 24, 2019 at 10:30 a.m. | Next Release: January 31, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (01/18/18)		5-year average (2014-18)
Region	01/18/19	01/11/19	net change	implied flow	Bcf	% change	Bcf	% change
East	566	620	-54	-54	563	0.5	619	-8.6
Midwest	673	729	-56	-56	646	4.2	711	-5.3
Mountain	121	127	-6	-6	147	-17.7	155	-21.9
Pacific	185	196	-11	-11	235	-21.3	253	-26.9
South Central	823	861	-38	-38	746	10.3	937	-12.2
Salt	295	303	-8	-8	159	85.5	256	15.2
Nonsalt	528	557	-29	-29	588	-10.2	681	-22.5
Total	2,370	2,533	-163	-163	2,337	1.4	2,675	-11.4
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,370 Bcf as of Friday, January 18, 2019, according to EIA estimates. This represents a net decrease of 163 Bcf from the previous week. Stocks were 33 Bcf higher than last year at this time and 305 Bcf below the five-year average of 2,675 Bcf. At 2,370 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	01/18/19	01/11/19	net change
East	1.2	1.2	0.5
Midwest	0.9	0.9	0.5
Mountain	0.9	1.1	0.3
Pacific	0.0	0.0	0.0
South Central	0.8	0.8	0.5
Salt	1.8	1.8	0.2
Nonsalt	0.7	0.7	0.4
Total	0.5	0.5	0.9