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

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Post by marpincanon Feb 15, 2019 8:35pm

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Post# 29373975

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.	15 Feb 2019	1,051	+2	8 Feb 2019	+76	16 Feb 2018
Canada	15 Feb 2019	224	-16	8 Feb 2019	-94	16 Feb 2018
International	Jan 2019	1,023	-2	Dec 2018	+63	Jan 2018

	Rotary Rig Count

	2/15/2019


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

Land		1028	-1	1029	72	956
Inland Waters		2	1	1	1	1
Offshore		21	2	19	3	18
United States Total		1051	2	1049	76	975

Gulf Of Mexico		21	2	19	3	18

Canada		224	-16	240	-94	318

North America		1275	-14	1289	-18	1293

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

Oil		857	3	854	59	798
Gas		194	-1	195	17	177

Directional		70	12	58	-1	71
Horizontal		915	-8	923	76	839
Vertical		66	-2	68	1	65


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

Oil		152	-6	158	-66	218
Gas		72	-10	82	-28	100

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

Alaska		12	1	11	3	9
California		11	1	10	-3	14
Colorado		35	0	35	3	32
Kansas		0	0	0	-1	1
Louisiana		66	4	62	7	59
New Mexico		109	-2	111	24	85
North Dakota		57	-1	58	9	48
Ohio		18	0	18	-3	21
Oklahoma		119	-1	120	-4	123
Pennsylvania		44	-3	47	4	40
Texas		509	-2	511	30	479
Utah		8	0	8	-2	10
West Virginia		18	1	17	1	17
Wyoming		37	3	34	7	30

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

Ardmore Woodford		5	0	5	4	1
Arkoma Woodford		5	0	5	-2	7
Barnett		2	0	2	0	2
Cana Woodford		59	0	59	-8	67
DJ-Niobrara		31	0	31	6	25
Eagle Ford		82	0	82	12	70
Granite Wash		4	-1	5	-8	12
Haynesville		56	2	54	6	50
Marcellus		61	-2	63	5	56
Mississippian		10	0	10	6	4
Permian		473	-5	478	40	433
Utica		19	0	19	-3	22
Williston		57	-1	58	8	49

Weekly Natural Gas Storage Report

for week ending February 8, 2019 | Released: February 14, 2019 at 10:30 a.m. | Next Release: February 21, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (02/08/18)		5-year average (2014-18)
Region	02/08/19	02/01/19	net change	implied flow	Bcf	% change	Bcf	% change
East	444	468	-24	-24	440	0.9	485	-8.5
Midwest	492	522	-30	-30	479	2.7	558	-11.8
Mountain	95	105	-10	-10	123	-22.8	135	-29.6
Pacific	155	172	-17	-17	213	-27.2	223	-30.5
South Central	696	692	4	4	657	5.9	814	-14.5
Salt	248	241	7	7	179	38.5	229	8.3
Nonsalt	447	451	-4	-4	479	-6.7	585	-23.6
Total	1,882	1,960	-78	-78	1,912	-1.6	2,215	-15.0
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,882 Bcf as of Friday, February 8, 2019, according to EIA estimates. This represents a net decrease of 78 Bcf from the previous week. Stocks were 30 Bcf less than last year at this time and 333 Bcf below the five-year average of 2,215 Bcf. At 1,882 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	02/08/19	02/01/19	net change
East	1.3	1.3	0.3
Midwest	1.0	1.0	0.4
Mountain	0.3	0.6	0.9
Pacific	0.0	0.0	0.0
South Central	0.8	0.8	0.5
Salt	1.9	1.9	0.4
Nonsalt	0.7	0.7	0.4
Total	0.5	0.5	1.1