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 Dec 01, 2017 2:20pm

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Post# 27074023

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.	1 December 2017	929	+6	22 November 2017	+332	2 December 2016
Canada	1 December 2017	222	+7	22 November 2017	+22	2 December 2016
International	October 2017	951	+20	September 2017	+31	October 2016


	Rotary Rig Count

	12/1/2017


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

Land		908	8	900	334	574
Inland Waters		1	0	1	0	1
Offshore		20	-2	22	-2	22
United States Total		929	6	923	332	597

Gulf Of Mexico		20	-2	22	-2	22

Canada		222	7	215	22	200

North America		1151	13	1138	354	797

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

Oil		749	2	747	272	477
Gas		180	4	176	61	119
Miscellaneous		0	0	0	-1	1

Directional		71	0	71	25	46
Horizontal		792	6	786	307	485
Vertical		66	0	66	0	66


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

Oil		111	4	107	11	100
Gas		111	3	108	13	98
Miscellaneous		0	0	0	-2	2

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

Alaska		5	0	5	-2	7
Arkansas		0	0	0	-1	1
California		14	0	14	8	6
Colorado		36	-1	37	16	20
Kansas		1	1	0	1	0
Louisiana		62	-1	63	14	48
New Mexico		70	1	69	41	29
North Dakota		47	1	46	16	31
Ohio		30	0	30	12	18
Oklahoma		122	0	122	41	81
Pennsylvania		31	0	31	2	29
Texas		454	4	450	168	286
Utah		12	1	11	8	4
West Virginia		12	0	12	2	10
Wyoming		25	0	25	8	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		4	-1	5	0	4
Cana Woodford		72	-1	73	33	39
DJ-Niobrara		25	-1	26	7	18
Eagle Ford		67	0	67	27	40
Fayetteville		0	0	0	-1	1
Granite Wash		10	0	10	-1	11
Haynesville		43	3	40	17	26
Marcellus		42	0	42	4	38
Mississippian		6	1	5	2	4
Permian		397	4	393	162	235
Utica		30	0	30	11	19
Williston		48	1	47	17	31

Weekly Natural Gas Storage Report

for week ending November 24, 2017 | Released: November 30, 2017 at 10:30 a.m. | Next Release: December 7, 2017

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (11/24/16)		5-year average (2012-16)
Region	11/24/17	11/17/17	net change	implied flow	Bcf	% change	Bcf	% change
East	876	891	-15	-15	915	-4.3	900	-2.7
Midwest	1,068	1,090	-22	-22	1,133	-5.7	1,072	-0.4
Mountain	221	220	1	1	258	-14.3	217	1.8
Pacific	314	314	0	0	328	-4.3	359	-12.5
South Central	1,214	1,211	3	3	1,367	-11.2	1,252	-3.0
Salt	348	340	8	8	399	-12.8	346	0.6
Nonsalt	866	871	-5	-5	968	-10.5	906	-4.4
Total	3,693	3,726	-33	-33	4,002	-7.7	3,800	-2.8

Summary

Working gas in storage was 3,693 Bcf as of Friday, November 24, 2017, according to EIA estimates. This represents a net decrease of 33 Bcf from the previous week. Stocks were 309 Bcf less than last year at this time and 107 Bcf below the five-year average of 3,800 Bcf. At 3,693 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	11/24/17	11/17/17	net change
East	1.5	1.5	0.3
Midwest	1.6	1.7	1.2
Mountain	1.7	1.8	0.2
Pacific	2.3	2.4	1.3
South Central	1.7	1.7	0.8
Salt	3.6	3.5	0.7
Nonsalt	1.9	1.9	0.4
Total	0.8	0.8	1.9