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 Nov 12, 2017 8:39am

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Post# 26946975

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.	10 November 2017	907	+9	3 November 2017	+339	11 November 2016
Canada	10 November 2017	203	+11	3 November 2017	+27	11 November 2016
International	October 2017	951	+20	September 2017	+31	October 201

	Rotary Rig Count

	11/10/2017


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

Land		888	9	879	342	546
Inland Waters		1	0	1	0	1
Offshore		18	0	18	-3	21
United States Total		907	9	898	339	568

Gulf Of Mexico		18	0	18	-3	21

Canada		203	11	192	27	176

North America		1110	20	1090	366	744

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

Oil		738	9	729	286	452
Gas		169	0	169	54	115
Miscellaneous		0	0	0	-1	1

Directional		74	1	73	22	52
Horizontal		776	12	764	319	457
Vertical		57	-4	61	-2	59


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

Oil		108	8	100	19	89
Gas		95	4	91	8	87
Miscellaneous		0	-1	1	0	0

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

Alaska		6	1	5	-1	7
Arkansas		0	0	0	-1	1
California		14	0	14	8	6
Colorado		37	0	37	19	18
Louisiana		58	0	58	10	48
New Mexico		69	4	65	38	31
North Dakota		47	0	47	12	35
Ohio		29	0	29	14	15
Oklahoma		123	6	117	48	75
Pennsylvania		31	0	31	5	26
Texas		442	-2	444	174	268
Utah		11	1	10	7	4
West Virginia		12	-1	13	2	10
Wyoming		22	0	22	5	17

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

Ardmore Woodford		1	0	1	1	0
Arkoma Woodford		8	0	8	3	5
Barnett		5	0	5	2	3
Cana Woodford		73	7	66	33	40
DJ-Niobrara		26	0	26	10	16
Eagle Ford		67	2	65	29	38
Fayetteville		0	0	0	-1	1
Granite Wash		10	0	10	0	10
Haynesville		38	0	38	17	21
Marcellus		42	0	42	7	35
Mississippian		5	0	5	3	2
Permian		386	6	380	168	218
Utica		29	-1	30	13	16
Williston		48	0	48	13	35

Weekly Natural Gas Storage Report

for week ending November 3, 2017 | Released: November 9, 2017 at 10:30 a.m. | Next Release: November 16, 2017

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (11/03/16)		5-year average (2012-16)
Region	11/03/17	10/27/17	net change	implied flow	Bcf	% change	Bcf	% change
East	925	926	-1	-1	945	-2.1	926	-0.1
Midwest	1,112	1,107	5	5	1,145	-2.9	1,097	1.4
Mountain	224	226	-2	-2	252	-11.1	220	1.8
Pacific	317	317	0	0	327	-3.1	363	-12.7
South Central	1,212	1,199	13	13	1,339	-9.5	1,254	-3.3
Salt	336	324	12	12	383	-12.3	342	-1.8
Nonsalt	876	874	2	2	956	-8.4	912	-3.9
Total	3,790	3,775	15	15	4,009	-5.5	3,861	-1.8

Summary

Working gas in storage was 3,790 Bcf as of Friday, November 3, 2017, according to EIA estimates. This represents a net increase of 15 Bcf from the previous week. Stocks were 219 Bcf less than last year at this time and 71 Bcf below the five-year average of 3,861 Bcf. At 3,790 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	11/03/17	10/27/17	net change
East	1.4	1.4	0.3
Midwest	1.8	1.8	0.5
Mountain	1.8	1.7	0.4
Pacific	2.4	2.5	0.9
South Central	1.7	1.7	1.2
Salt	3.4	3.4	1.0
Nonsalt	1.9	1.9	0.7
Total	0.9	0.9	1.6