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 Feb 08, 2019 8:16pm

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Post# 29340888

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.	8 Feb 2019	1,049	+4	1 Feb 2019	+74	9 Feb 2018
Canada	8 Feb 2019	240	-3	1 Feb 2019	-85	9 Feb 2018
International	Jan 2019	1,023	-2	Dec 2018	+63	Jan 2018

	Rotary Rig Count

	2/8/2019


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

Land		1029	4	1025	72	957
Inland Waters		1	0	1	-1	2
Offshore		19	0	19	3	16
United States Total		1049	4	1045	74	975

Gulf Of Mexico		19	0	19	3	16

Canada		240	-3	243	-85	325

North America		1289	1	1288	-11	1300

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

Oil		854	7	847	63	791
Gas		195	-3	198	11	184

Directional		58	1	57	-15	73
Horizontal		923	-2	925	91	832
Vertical		68	5	63	-2	70


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

Oil		158	-1	159	-63	221
Gas		82	-2	84	-22	104

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

Alaska		11	4	7	6	5
California		10	4	6	-4	14
Colorado		35	0	35	2	33
Kansas		0	0	0	-1	1
Louisiana		62	0	62	1	61
New Mexico		111	-1	112	23	88
North Dakota		58	0	58	9	49
Ohio		18	0	18	-5	23
Oklahoma		120	-2	122	2	118
Pennsylvania		47	0	47	10	37
Texas		511	-3	514	32	479
Utah		8	0	8	-2	10
West Virginia		17	0	17	-2	19
Wyoming		34	1	33	4	30

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

Ardmore Woodford		5	2	3	3	2
Arkoma Woodford		5	0	5	-3	8
Barnett		2	0	2	0	2
Cana Woodford		59	-2	61	-7	66
DJ-Niobrara		31	0	31	5	26
Eagle Ford		82	1	81	13	69
Granite Wash		5	0	5	-6	11
Haynesville		54	0	54	4	50
Marcellus		63	0	63	8	55
Mississippian		10	0	10	7	3
Permian		478	-3	481	41	437
Utica		19	0	19	-5	24
Williston		58	0	58	8	50

Weekly Natural Gas Storage Report

for week ending February 1, 2019 | Released: February 7, 2019 at 10:30 a.m. | Next Release: February 14, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (02/01/18)		5-year average (2014-18)
Region	02/01/19	01/25/19	net change	implied flow	Bcf	% change	Bcf	% change
East	468	527	-59	-59	493	-5.1	530	-11.7
Midwest	522	606	-84	-84	551	-5.3	612	-14.7
Mountain	105	114	-9	-9	132	-20.5	142	-26.1
Pacific	172	178	-6	-6	214	-19.6	232	-25.9
South Central	692	771	-79	-79	705	-1.8	858	-19.3
Salt	241	278	-37	-37	182	32.4	241	0.0
Nonsalt	451	493	-42	-42	523	-13.8	617	-26.9
Total	1,960	2,197	-237	-237	2,095	-6.4	2,375	-17.5
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,960 Bcf as of Friday, February 1, 2019, according to EIA estimates. This represents a net decrease of 237 Bcf from the previous week. Stocks were 135 Bcf less than last year at this time and 415 Bcf below the five-year average of 2,375 Bcf. At 1,960 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	02/01/19	01/25/19	net change
East	1.3	1.3	0.7
Midwest	1.0	0.9	0.7
Mountain	0.6	0.8	0.2
Pacific	0.0	0.0	0.0
South Central	0.8	0.8	0.9
Salt	1.9	1.8	0.7
Nonsalt	0.7	0.7	0.6
Total	0.5	0.5	1.4