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 Dec 15, 2017 12:43pm

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Post# 27165912

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.	8 December 2017	931	+2	1 December 2017	+307	9 December 2016
Canada	8 December 2017	219	-3	1 December 2017	-11	9 December 2016
International	November 2017	942	-9	October 2017	+17	November 2016

	Rotary Rig Count

	12/8/2017


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

Land		909	1	908	308	601
Inland Waters		2	1	1	1	1
Offshore		20	0	20	-2	22
United States Total		931	2	929	307	624

Gulf Of Mexico		20	0	20	-2	22

Canada		219	-3	222	-11	230

North America		1150	-1	1151	296	854

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

Oil		751	2	749	253	498
Gas		180	0	180	55	125
Miscellaneous		0	0	0	-1	1

Directional		71	0	71	20	51
Horizontal		796	4	792	293	503
Vertical		64	-2	66	-6	70


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

Oil		112	1	111	-5	117
Gas		107	-4	111	-5	112
Miscellaneous		0	0	0	-1	1

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

Alaska		5	0	5	-1	6
Arkansas		0	0	0	-2	2
California		14	0	14	8	6
Colorado		33	-3	36	7	26
Kansas		0	-1	1	-1	1
Louisiana		63	1	62	16	47
New Mexico		73	3	70	43	30
North Dakota		46	-1	47	14	32
Ohio		26	-4	30	8	18
Oklahoma		121	-1	122	41	80
Pennsylvania		33	2	31	2	31
Texas		459	5	454	156	303
Utah		12	0	12	8	4
West Virginia		13	1	12	3	10
Wyoming		25	0	25	5	20

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	1	4	2	3
Cana Woodford		73	1	72	36	37
DJ-Niobrara		23	-2	25	-1	24
Eagle Ford		70	3	67	27	43
Fayetteville		0	0	0	-1	1
Granite Wash		10	0	10	-3	13
Haynesville		46	3	43	20	26
Marcellus		45	3	42	5	40
Mississippian		4	-2	6	0	4
Permian		400	3	397	154	246
Utica		27	-3	30	8	19
Williston		47	-1	48	15	32

Weekly Natural Gas Storage Report

for week ending December 8, 2017 | Released: December 14, 2017 at 10:30 a.m. | Next Release: December 21, 2017

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (12/08/16)		5-year average (2012-16)
Region	12/08/17	12/01/17	net change	implied flow	Bcf	% change	Bcf	% change
East	855	868	-13	-13	870	-1.7	861	-0.7
Midwest	1,033	1,058	-25	-25	1,077	-4.1	1,017	1.6
Mountain	213	221	-8	-8	246	-13.4	209	1.9
Pacific	305	313	-8	-8	314	-2.9	344	-11.3
South Central	1,220	1,235	-15	-15	1,321	-7.6	1,222	-0.2
Salt	360	360	0	0	390	-7.7	342	5.3
Nonsalt	860	875	-15	-15	932	-7.7	880	-2.3
Total	3,626	3,695	-69	-69	3,827	-5.3	3,653	-0.7

Summary

Working gas in storage was 3,626 Bcf as of Friday, December 8, 2017, according to EIA estimates. This represents a net decrease of 69 Bcf from the previous week. Stocks were 201 Bcf less than last year at this time and 27 Bcf below the five-year average of 3,653 Bcf. At 3,626 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	12/08/17	12/01/17	net change
East	1.4	1.4	0.4
Midwest	1.6	1.6	0.7
Mountain	1.6	1.6	0.2
Pacific	2.4	2.3	0.2
South Central	1.7	1.7	0.8
Salt	3.6	3.7	0.6
Nonsalt	1.9	1.9	0.6
Total	0.8	0.8	1.2