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 Jun 07, 2019 9:42pm

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Post# 29808041

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.	7 Jun 2019	975	-9	31 May 2019	-87	8 June 2018
Canada	7 Jun 2019	103	+18	31 May 2019	-9	8 June 2018
International	May 2019	1,126	+64	Apr 2019	+159	May

	Rotary Rig Count

	6/7/2019


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

Land		948	-9	957	-91	1039
Inland Waters		4	0	4	1	3
Offshore		23	0	23	3	20
United States Total		975	-9	984	-87	1062

Gulf Of Mexico		23	0	23	4	19

Canada		103	18	85	-9	112

North America		1078	9	1069	-96	1174

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

Oil		789	-11	800	-73	862
Gas		186	2	184	-12	198
Miscellaneous		0	0	0	-2	2

Directional		74	4	70	7	67
Horizontal		855	-7	862	-79	934
Vertical		46	-6	52	-15	61


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

Oil		59	15	44	-10	69
Gas		44	3	41	1	43

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

Alaska		6	-1	7	-3	9
Arkansas		0	0	0	-1	1
California		18	0	18	3	15
Colorado		31	0	31	-3	34
Louisiana		68	4	64	9	59
New Mexico		101	0	101	11	90
North Dakota		56	-1	57	2	54
Ohio		18	0	18	-5	23
Oklahoma		101	-1	102	-39	140
Pennsylvania		39	-2	41	0	39
Texas		473	-7	480	-65	538
Utah		6	0	6	-2	8
West Virginia		19	-1	20	1	18
Wyoming		32	0	32	7	25

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

Ardmore Woodford		6	1	5	3	3
Arkoma Woodford		3	0	3	-6	9
Barnett		1	0	1	-3	4
Cana Woodford		44	-1	45	-29	73
DJ-Niobrara		28	-1	29	2	26
Eagle Ford		74	-1	75	-6	80
Granite Wash		8	1	7	-7	15
Haynesville		53	2	51	-1	54
Marcellus		58	-3	61	2	56
Mississippian		4	0	4	-2	6
Permian		446	-6	452	-34	480
Utica		18	0	18	-6	24
Williston		56	-1	57	1	55

Weekly Natural Gas Storage Report

for week ending May 31, 2019 | Released: June 6, 2019 at 10:30 a.m. | Next Release: June 13, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (05/31/18)		5-year average (2014-18)
Region	05/31/19	05/24/19	net change	implied flow	Bcf	% change	Bcf	% change
East	414	383	31	31	348	19.0	427	-3.0
Midwest	436	399	37	37	337	29.4	473	-7.8
Mountain	101	93	8	8	120	-15.8	142	-28.9
Pacific	213	198	15	15	230	-7.4	263	-19.0
South Central	821	793	28	28	769	6.8	920	-10.8
Salt	256	253	3	3	244	4.9	281	-8.9
Nonsalt	565	540	25	25	526	7.4	639	-11.6
Total	1,986	1,867	119	119	1,804	10.1	2,226	-10.8
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 1,986 Bcf as of Friday, May 31, 2019, according to EIA estimates. This represents a net increase of 119 Bcf from the previous week. Stocks were 182 Bcf higher than last year at this time and 240 Bcf below the five-year average of 2,226 Bcf. At 1,986 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	05/31/19	05/24/19	net change
East	1.3	1.3	0.3
Midwest	0.7	0.7	0.6
Mountain	1.0	1.0	0.3
Pacific	0.0	0.0	0.0
South Central	0.8	0.8	0.6
Salt	2.1	2.1	0.4
Nonsalt	0.6	0.6	0.5
Total	0.5	0.5	0.9