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 17, 2017 6:51pm

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Post# 26987487

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 November 2017	915	+8	10 November 2017	+327	18 November 2016
Canada	17 November 2017	208	+5	10 November 2017	+24	18 November 2016
International	October 2017	951	+20	September 2017	+31	October 2016

	Rotary Rig Count

	11/17/2017


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

Land		893	5	888	330	563
Inland Waters		1	0	1	-1	2
Offshore		21	3	18	-2	23
United States Total		915	8	907	327	588

Gulf Of Mexico		21	3	18	-2	23

Canada		208	5	203	24	184

North America		1123	13	1110	351	772

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

Oil		738	0	738	267	471
Gas		177	8	169	61	116
Miscellaneous		0	0	0	-1	1

Directional		76	2	74	24	52
Horizontal		776	0	776	306	470
Vertical		63	6	57	-3	66


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

Oil		109	1	108	9	100
Gas		99	4	95	15	84

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

Alaska		5	-1	6	-2	7
Arkansas		0	0	0	-1	1
California		14	0	14	8	6
Colorado		36	-1	37	16	20
Louisiana		62	4	58	10	52
New Mexico		68	-1	69	37	31
North Dakota		46	-1	47	12	34
Ohio		30	1	29	12	18
Oklahoma		122	-1	123	43	79
Pennsylvania		31	0	31	6	25
Texas		449	7	442	173	276
Utah		12	1	11	7	5
West Virginia		12	0	12	2	10
Wyoming		21	-1	22	5	16

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	3	2
Cana Woodford		74	1	73	34	40
DJ-Niobrara		25	-1	26	7	18
Eagle Ford		67	0	67	29	38
Fayetteville		0	0	0	-1	1
Granite Wash		10	0	10	-1	11
Haynesville		40	2	38	17	23
Marcellus		42	0	42	8	34
Mississippian		5	0	5	2	3
Permian		391	5	386	162	229
Utica		30	1	29	11	19
Williston		47	-1	48	13	34

Weekly Natural Gas Storage Report

for week ending November 10, 2017 | Released: November 16, 2017 at 10:30 a.m. | Next Release: November 22, 2017

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (11/10/16)		5-year average (2012-16)
Region	11/10/17	11/03/17	net change	implied flow	Bcf	% change	Bcf	% change
East	915	925	-10	-10	944	-3.1	925	-1.1
Midwest	1,108	1,112	-4	-4	1,154	-4.0	1,100	0.7
Mountain	220	224	-4	-4	256	-14.1	221	-0.5
Pacific	315	317	-2	-2	328	-4.0	364	-13.5
South Central	1,214	1,212	2	2	1,360	-10.7	1,264	-4.0
Salt	341	336	5	5	393	-13.2	347	-1.7
Nonsalt	873	876	-3	-3	967	-9.7	917	-4.8
Total	3,772	3,790	-18	-18	4,043	-6.7	3,873	-2.6

Summary

Working gas in storage was 3,772 Bcf as of Friday, November 10, 2017, according to EIA estimates. This represents a net decrease of 18 Bcf from the previous week. Stocks were 271 Bcf less than last year at this time and 101 Bcf below the five-year average of 3,873 Bcf. At 3,772 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	11/10/17	11/03/17	net change
East	1.4	1.4	0.2
Midwest	1.7	1.8	1.0
Mountain	1.8	1.8	0.3
Pacific	2.2	2.4	1.0
South Central	1.7	1.7	1.1
Salt	3.5	3.4	0.9
Nonsalt	1.9	1.9	0.6
Total	0.8	0.9	1.8