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 Nov 04, 2017 11:22am

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Post# 26905785

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 November 2017	898	-11	27 October 2017	+329	4 November 2016
Canada	3 November 2017	192	+1	27 October 2017	+38	4 November 2016
International	September 2017	931	-21	August 2017	-3	September 2016

       Rotary Rig Count

       11/3/2017


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

   Land       879   -9   888       333       546
   Inland Waters       1   0   1       -1       2
   Offshore       18   -2   20       -3       21
   United States Total       898   -11   909       329       569

   Gulf Of Mexico       18   -2   20       -3       21

   Canada       192   1   191       38       154

   North America       1090   -10   1100       367       723

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

   Oil       729   -8   737       279       450
   Gas       169   -3   172       52       117
   Miscellaneous       0   0   0       -2       2

   Directional       73   -1   74       21       52
   Horizontal       764   -5   769       305       459
   Vertical       61   -5   66       3       58


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

   Oil       100   4   96       24       76
   Gas       91   -3   94       14       77
   Miscellaneous       1   0   1       0       1

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

   Alaska       5   2   3       -4       9
   Arkansas       0   0   0       -1       1
   California       14   0   14       8       6
   Colorado       37   4   33       19       18
   Louisiana       58   -4   62       10       48
   New Mexico       65   -2   67       33       32
   North Dakota       47   -2   49       10       37
   Ohio       29   0   29       15       14
   Oklahoma       117   -8   125       41       76
   Pennsylvania       31   0   31       4       27
   Texas       444   3   441       182       262
   Utah       10   -1   11       5       5
   West Virginia       13   0   13       3       10
   Wyoming       22   0   22       5       17

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

   Ardmore Woodford       1   -1   2       1       0
   Arkoma Woodford       8   -2   10       3       5
   Barnett       5   0   5       2       3
   Cana Woodford       66   0   66       25       41
   DJ-Niobrara       26   1   25       10       16
   Eagle Ford       65   0   65       30       35
   Fayetteville       0   0   0       -1       1
   Granite Wash       10   0   10       0       10
   Haynesville       38   -3   41       17       21
   Marcellus       42   0   42       6       36
   Mississippian       5   0   5       3       2
   Permian       380   1   379       162       218
   Utica       30   0   30       15       15
   Williston       48   -1   49       11       37

Weekly Natural Gas Storage Report

for week ending October 27, 2017 | Released: November 2, 2017 at 10:30 a.m. | Next Release: November 9, 2017

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (10/27/16)		5-year average (2012-16)
Region	10/27/17	10/20/17	net change	implied flow	Bcf	% change	Bcf	% change
East	926	915	11	11	940	-1.5	921	0.5
Midwest	1,107	1,082	25	25	1,128	-1.9	1,084	2.1
Mountain	226	224	2	2	248	-8.9	218	3.7
Pacific	317	315	2	2	326	-2.8	360	-11.9
South Central	1,199	1,174	25	25	1,313	-8.7	1,234	-2.8
Salt	324	313	11	11	371	-12.7	333	-2.7
Nonsalt	874	861	13	13	942	-7.2	901	-3.0
Total	3,775	3,710	65	65	3,955	-4.6	3,816	-1.1

Summary

Working gas in storage was 3,775 Bcf as of Friday, October 27, 2017, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 180 Bcf less than last year at this time and 41 Bcf below the five-year average of 3,816 Bcf. At 3,775 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 2012 through 2016. 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	10/27/17	10/20/17	net change
East	1.4	1.4	0.6
Midwest	1.8	1.7	1.2
Mountain	1.7	1.7	0.2
Pacific	2.5	2.6	1.4
South Central	1.7	1.7	1.2
Salt	3.4	3.3	1.0
Nonsalt	1.9	2.0	0.7
Total	0.9	0.8	2.3