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 May 03, 2019 6:40pm

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Post# 29709437

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.	3 May 2019	990	-1	26 Apr 2019	-42	4 May 2018
Canada	3 May 2019	61	-2	26 Apr 2019	-25	4 May 2018
International	Mar 2019	1,039	+12	Feb 2019	+67	Mar 2018

	Rotary Rig Count

	5/3/2019


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

Land		966	0	966	-45	1011
Inland Waters		4	0	4	2	2
Offshore		20	-1	21	1	19
United States Total		990	-1	991	-42	1032

Gulf Of Mexico		20	-1	21	1	19

Canada		61	-2	63	-25	86

North America		1051	-3	1054	-67	1118

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

Oil		807	2	805	-27	834
Gas		183	-3	186	-13	196
Miscellaneous		0	0	0	-2	2

Directional		71	0	71	7	64
Horizontal		873	0	873	-40	913
Vertical		46	-1	47	-9	55


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

Oil		17	-2	19	-20	37
Gas		44	0	44	-5	49

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

Alaska		9	3	6	3	6
Arkansas		0	0	0	-1	1
California		12	0	12	-3	15
Colorado		33	1	32	6	27
Louisiana		62	0	62	1	61
New Mexico		106	2	104	13	93
North Dakota		57	-1	58	1	56
Ohio		16	1	15	-8	24
Oklahoma		103	1	102	-32	135
Pennsylvania		42	-1	43	3	39
Texas		484	-7	491	-31	515
Utah		7	0	7	-1	8
West Virginia		21	0	21	5	16
Wyoming		32	0	32	5	27

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

Ardmore Woodford		5	0	5	3	2
Arkoma Woodford		3	2	1	-6	9
Barnett		1	0	1	-2	3
Cana Woodford		46	0	46	-23	69
DJ-Niobrara		30	1	29	8	22
Eagle Ford		74	1	73	-2	76
Granite Wash		8	0	8	-3	11
Haynesville		52	-2	54	-2	54
Marcellus		61	-1	62	7	54
Mississippian		6	1	5	2	4
Permian		459	-1	460	1	458
Utica		18	1	17	-7	25
Williston		57	-1	58	0	57

Weekly Natural Gas Storage Report

for week ending April 26, 2019 | Released: May 2, 2019 at 10:30 a.m. | Next Release: May 9, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (04/26/18)		5-year average (2014-18)
Region	04/26/19	04/19/19	net change	implied flow	Bcf	% change	Bcf	% change
East	279	251	28	28	220	26.8	296	-5.7
Midwest	290	264	26	26	220	31.8	351	-17.4
Mountain	75	70	5	5	86	-12.8	119	-37.0
Pacific	152	138	14	14	186	-18.3	223	-31.8
South Central	666	616	50	50	623	6.9	788	-15.5
Salt	224	204	20	20	189	18.5	238	-5.9
Nonsalt	442	413	29	29	434	1.8	550	-19.6
Total	1,462	1,339	123	123	1,334	9.6	1,778	-17.8
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,462 Bcf as of Friday, April 26, 2019, according to EIA estimates. This represents a net increase of 123 Bcf from the previous week. Stocks were 128 Bcf higher than last year at this time and 316 Bcf below the five-year average of 1,778 Bcf. At 1,462 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	04/26/19	04/19/19	net change
East	1.5	1.7	0.5
Midwest	0.9	1.0	0.5
Mountain	1.3	1.5	0.2
Pacific	0.0	0.0	0.0
South Central	0.9	0.9	0.7
Salt	2.2	2.3	0.4
Nonsalt	0.7	0.6	0.5
Total	0.5	0.6	1.0