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 Jun 02, 2019 6:19pm

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Post# 29792640

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.	31 May 2019	984	+1	24 May 2019	-76	1 June 2018
Canada	31 May 2019	85	+7	24 May 2019	-14	1 June 2018
International	Apr 2019	1,062	+23	Mar 2019	+84	Apr 2018

Weekly Natural Gas Storage Report

for week ending May 24, 2019 | Released: May 30, 2019 at 10:30 a.m. | Next Release: June 6, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (05/24/18)		5-year average (2014-18)
Region	05/24/19	05/17/19	net change	implied flow	Bcf	% change	Bcf	% change
East	383	353	30	30	324	18.2	397	-3.5
Midwest	399	364	35	35	311	28.3	444	-10.1
Mountain	93	89	4	4	112	-17.0	136	-31.6
Pacific	198	186	12	12	220	-10.0	254	-22.0
South Central	793	762	31	31	744	6.6	893	-11.2
Salt	253	249	4	4	234	8.1	273	-7.3
Nonsalt	540	513	27	27	511	5.7	620	-12.9
Total	1,867	1,753	114	114	1,711	9.1	2,124	-12.1
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,867 Bcf as of Friday, May 24, 2019, according to EIA estimates. This represents a net increase of 114 Bcf from the previous week. Stocks were 156 Bcf higher than last year at this time and 257 Bcf below the five-year average of 2,124 Bcf. At 1,867 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

05/24/19

05/17/19

net change

East

1.3

0.6

Midwest

0.7

0.6

Mountain

1.0

0.2

Pacific

0.0

South Central

0.8

0.4

Salt

2.1

0.3

Nonsalt

0.6

0.2

Total

0.5

1.0




	Rotary Rig Count

	5/31/2019


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

Land		957	0	957	-82	1039
Inland Waters		4	0	4	2	2
Offshore		23	1	22	4	19
United States Total		984	1	983	-76	1060

Gulf Of Mexico		23	1	22	5	18

Canada		85	7	78	-14	99

North America		1069	8	1061	-90	1159

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

Oil		800	3	797	-61	861
Gas		184	-2	186	-13	197
Miscellaneous		0	0	0	-2	2

Directional		70	1	69	5	65
Horizontal		862	-1	863	-67	929
Vertical		52	1	51	-14	66


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

Oil		44	6	38	-12	56
Gas		41	1	40	-2	43

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

Alaska		7	0	7	-2	9
Arkansas		0	0	0	-1	1
California		18	0	18	3	15
Colorado		31	0	31	-1	32
Louisiana		64	1	63	6	58
New Mexico		101	2	99	11	90
North Dakota		57	0	57	2	55
Ohio		18	-1	19	-5	23
Oklahoma		102	-1	103	-40	142
Pennsylvania		41	0	41	2	39
Texas		480	-1	481	-55	535
Utah		6	0	6	-2	8
West Virginia		20	-1	21	2	18
Wyoming		32	0	32	5	27

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

Ardmore Woodford		5	0	5	2	3
Arkoma Woodford		3	0	3	-6	9
Barnett		1	0	1	-3	4
Cana Woodford		45	0	45	-31	76
DJ-Niobrara		29	0	29	3	26
Eagle Ford		75	0	75	-5	80
Granite Wash		7	0	7	-7	14
Haynesville		51	1	50	-3	54
Marcellus		61	-1	62	5	56
Mississippian		4	0	4	-2	6
Permian		452	1	451	-25	477
Utica		18	-1	19	-6	24
Williston		57	0	57	1	56