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 18, 2019 7:10pm

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Post# 29758920

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.	17 May 2019	987	-1	10 May 2019	-59	18 May 2018
Canada	17 May 2019	63	0	10 May 2019	-20	18 May 2018
International	Apr 2019	1,062	+23	Mar 2019	+84	Apr 2018




	Rotary Rig Count

	5/17/2019


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

Land		961	-3	964	-62	1023
Inland Waters		4	0	4	0	4
Offshore		22	2	20	3	19
United States Total		987	-1	988	-59	1046

Gulf Of Mexico		22	2	20	4	18

Canada		63	0	63	-20	83

North America		1050	-1	1051	-79	1129

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

Oil		802	-3	805	-42	844
Gas		185	2	183	-15	200
Miscellaneous		0	0	0	-2	2

Directional		73	2	71	7	66
Horizontal		866	-6	872	-53	919
Vertical		48	3	45	-13	61


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

Oil		22	0	22	-16	38
Gas		41	0	41	-4	45

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

Alaska		7	-2	9	0	7
Arkansas		0	0	0	-1	1
California		15	0	15	0	15
Colorado		33	0	33	4	29
Kansas		0	0	0	-1	1
Louisiana		63	2	61	2	61
New Mexico		103	1	102	11	92
North Dakota		56	0	56	1	55
Ohio		20	4	16	-3	23
Oklahoma		103	-2	105	-35	138
Pennsylvania		40	-3	43	1	39
Texas		482	-3	485	-43	525
Utah		7	0	7	-1	8
West Virginia		20	-1	21	3	17
Wyoming		33	3	30	7	26

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

Ardmore Woodford		5	0	5	3	2
Arkoma Woodford		3	0	3	-6	9
Barnett		1	0	1	-2	3
Cana Woodford		48	1	47	-24	72
DJ-Niobrara		30	1	29	6	24
Eagle Ford		74	0	74	-3	77
Granite Wash		7	-1	8	-7	14
Haynesville		50	-2	52	-4	54
Marcellus		60	-3	63	5	55
Mississippian		6	0	6	2	4
Permian		454	-3	457	-13	467
Utica		20	3	17	-4	24
Williston		56	0	56	0	56

‹ See All Natural Gas Reports

Weekly Natural Gas Storage Report

for week ending May 10, 2019 | Released: May 16, 2019 at 10:30 a.m. | Next Release: May 23, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (05/10/18)		5-year average (2014-18)
Region	05/10/19	05/03/19	net change	implied flow	Bcf	% change	Bcf	% change
East	330	299	31	31	270	22.2	342	-3.5
Midwest	336	309	27	27	263	27.8	391	-14.1
Mountain	82	78	4	4	97	-15.5	126	-34.9
Pacific	174	162	12	12	203	-14.3	238	-26.9
South Central	731	699	32	32	689	6.1	842	-13.2
Salt	240	234	6	6	214	12.1	259	-7.3
Nonsalt	491	466	25	25	474	3.6	583	-15.8
Total	1,653	1,547	106	106	1,523	8.5	1,939	-14.7
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,653 Bcf as of Friday, May 10, 2019, according to EIA estimates. This represents a net increase of 106 Bcf from the previous week. Stocks were 130 Bcf higher than last year at this time and 286 Bcf below the five-year average of 1,939 Bcf. At 1,653 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	05/10/19	05/03/19	net change
East	1.4	1.4	0.9
Midwest	0.8	0.8	0.5
Mountain	1.1	1.2	0.1
Pacific	0.0	0.0	0.0
South Central	0.8	0.9	0.4
Salt	2.2	2.2	0.2
Nonsalt	0.6	0.7	0.3
Total	0.5	0.5	1.1