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 Apr 13, 2019 8:30am

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Post# 29622391

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.	12 Apr 2019	1,022	-3	5 Apr 2019	+14	13 Apr 2018
Canada	12 Apr 2019	66	-2	5 Apr 2019	-36	13 Apr 2018
International	Mar 2019	1,039	+12	Feb 2019	+67	Mar 2018

	Rotary Rig Count

	4/12/2019


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

Land		996	-4	1000	8	988
Inland Waters		3	0	3	-1	4
Offshore		23	1	22	7	16
United States Total		1022	-3	1025	14	1008

Gulf Of Mexico		23	1	22	7	16

Canada		66	-2	68	-36	102

North America		1088	-5	1093	-22	1110

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

Oil		833	2	831	18	815
Gas		189	-5	194	-3	192
Miscellaneous		0	0	0	-1	1

Directional		78	8	70	8	70
Horizontal		889	-12	901	6	883
Vertical		55	1	54	0	55


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

Oil		18	-4	22	-23	41
Gas		48	2	46	-13	61

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

Alaska		8	0	8	0	8
Arkansas		0	0	0	-1	1
California		13	0	13	-1	14
Colorado		32	0	32	1	31
Kansas		1	1	0	0	1
Louisiana		65	0	65	8	57
New Mexico		105	-2	107	16	89
North Dakota		61	0	61	7	54
Ohio		15	1	14	-8	23
Oklahoma		104	-3	107	-24	128
Pennsylvania		44	-3	47	3	41
Texas		502	3	499	1	501
Utah		7	0	7	-1	8
West Virginia		21	-1	22	5	16
Wyoming		36	0	36	7	29

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

Ardmore Woodford		5	0	5	4	1
Arkoma Woodford		1	-2	3	-7	8
Barnett		1	0	1	-2	3
Cana Woodford		48	-2	50	-17	65
DJ-Niobrara		30	0	30	6	24
Eagle Ford		77	-1	78	2	75
Fayetteville		0	0	0	-1	1
Granite Wash		9	1	8	-3	12
Haynesville		56	-2	58	4	52
Marcellus		62	-6	68	7	55
Mississippian		4	0	4	2	2
Permian		464	2	462	19	445
Utica		18	3	15	-7	25
Williston		61	0	61	6	55

Weekly Natural Gas Storage Report

for week ending April 5, 2019 | Released: April 11, 2019 at 10:30 a.m. | Next Release: April 18, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
							Historical Comparisons
	Stocks billion cubic feet (Bcf)						Year ago (04/05/18)		5-year average (2014-18)
Region	04/05/19		03/29/19	net change	implied flow		Bcf	% change	Bcf	% change
East	209		210	-1	-1		219	-4.6	264	-20.8
Midwest	240		241	-1	-1		249	-3.6	332	-27.7
Mountain	64		64	0	0		84	-23.8	115	-44.3
Pacific	119	C	113	6	7	C	170	-30.0	207	-42.5
South Central	523	C	502	21	23	C	616	-15.1	722	-27.6
Salt	166	C	156	10	12	C	195	-14.9	209	-20.6
Nonsalt	357		347	10	10		422	-15.4	513	-30.4
Total	1,155	C	1,130	25	29	C	1,338	-13.7	1,640	-29.6
C=Reclassification Reclassifications from working gas to base gas resulted in decreased working gas stocks of 1 Bcf in the Pacific region and 2 Bcf in the South Central Salt region for the week ending April 5, 2019. The implied flow for the week is an increase of 29 Bcf to working gas stocks. (See Notes and Definitions for more information on "implied flow.") Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,155 Bcf as of Friday, April 5, 2019, according to EIA estimates. This represents a net increase of 25 Bcf from the previous week. Stocks were 183 Bcf less than last year at this time and 485 Bcf below the five-year average of 1,640 Bcf. At 1,155 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	04/05/19	03/29/19	net change
East	1.9	1.9	0.4
Midwest	1.2	1.3	0.5
Mountain	1.9	2.0	0.1
Pacific	0.0	0.0	0.0
South Central	1.0	1.0	0.8
Salt	2.7	2.8	0.5
Nonsalt	0.7	0.7	0.6
Total	0.6	0.6	1.1