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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

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

Bullboard Posts
Post by marpincanon Mar 01, 2019 4:45pm
103 Views
Post# 29431078

Rig count and storage

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. 1 Mar 2019 1,038 -9 22 Feb 2019 +57 2 Mar
2018
Canada 1 Mar 2019 211 -1 22 Feb 2019 -91 2 Mar
2018
International Jan
2019
1,023 -2 Dec
2018
+63 Jan
2018

  Rotary Rig Count          
                   
  3/1/2019          
                   
                   
Location Week +/- Week
Ago
+/- Year
Ago
           
Land 1015 -11 1026 52 963
Inland Waters 1 -1 2 -3 4
Offshore 22 3 19 8 14
United States Total 1038 -9 1047 57 981
           
Gulf Of Mexico 22 3 19 8 14
           
Canada 211 -1 212 -91 302
           
North America 1249 -10 1259 -34 1283
                   
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 843 -10 853 43 800
Gas 195 1 194 14 181
           
Directional 67 -1 68 -8 75
Horizontal 911 -5 916 64 847
Vertical 60 -3 63 1 59
           
                   
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 140 -4 144 -71 211
Gas 71 3 68 -20 91
                   
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 11 -2 13 0 11
California 15 3 12 1 14
Colorado 34 0 34 4 30
Louisiana 65 1 64 6 59
New Mexico 107 -1 108 19 88
North Dakota 56 -1 57 9 47
Ohio 18 0 18 -4 22
Oklahoma 115 -2 117 -9 124
Pennsylvania 44 0 44 3 41
Texas 503 -5 508 20 483
Utah 8 0 8 -2 10
West Virginia 19 0 19 3 16
Wyoming 36 -1 37 5 31
                   
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 1 1 0 2
Cana Woodford 56 0 56 -12 68
DJ-Niobrara 31 -1 32 6 25
Eagle Ford 82 0 82 12 70
Granite Wash 5 0 5 -7 12
Haynesville 58 1 57 7 51
Marcellus 62 0 62 6 56
Mississippian 9 -1 10 5 4
Permian 466 -7 473 32 434
Utica 19 0 19 -4 23
Williston 56 -1 57 8 48

‹ See All Natural Gas Reports

Weekly Natural Gas Storage Report

for week ending February 22, 2019   |   Released: February 28, 2019 at 10:30 a.m.   |   Next Release: March 7, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(02/22/18)
5-year average
(2014-18)
Region 02/22/19 02/15/19 net change implied flow   Bcf % change Bcf % change
East 354     395     -41     -41       385     -8.1     403     -12.2    
Midwest 385     436     -51     -51       402     -4.2     468     -17.7    
Mountain 79     87     -8     -8       103     -23.3     126     -37.3    
Pacific 122     138     -16     -16       191     -36.1     213     -42.7    
South Central 598     649     -51     -51       611     -2.1     755     -20.8    
   Salt 199     224     -25     -25       182     9.3     212     -6.1    
   Nonsalt 399     425     -26     -26       431     -7.4     543     -26.5    
Total 1,539     1,705     -166     -166       1,693     -9.1     1,963     -21.6    

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,539 Bcf as of Friday, February 22, 2019, according to EIA estimates. This represents a net decrease of 166 Bcf from the previous week. Stocks were 154 Bcf less than last year at this time and 424 Bcf below the five-year average of 1,963 Bcf. At 1,539 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 02/22/19 02/15/19   net change
East 1.5     1.4       0.6    
Midwest 1.1     1.0       0.5    
Mountain 0.8     0.5       0.3    
Pacific 0.0     0.0       0.0    
South Central 1.0     0.9       0.3    
   Salt 2.3     2.1       0.1    
   Nonsalt 0.8     0.8       0.3    
Total 0.6     0.5       0.9    
 
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