Ovintiv Inc OVV

Rig count and storage

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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.	22 December 2017	931	+1	15 December 2017	+278	23 December 2016
Canada	22 December 2017	210	-28	15 December 2017	-14	23 December 2016
International	November 2017	942	-9	October 2017	+17	November 2016

	Rotary Rig Count
	12/22/2017
Location		Week	+/-	Week Ago		+/-		Year Ago
Land		910	1	909		283		627
Inland Waters		2	0	2		1		1
Offshore		19	0	19		-6		25
United States Total		931	1	930		278		653
Gulf Of Mexico		19	0	19		-5		24
Canada		210	-28	238		-14		224
North America		1141	-27	1168		264		877
U.S. Breakout Information		This Week	+/-	Last Week		+/-		Year Ago
Oil		747	0	747		224		523
Gas		184	1	183		55		129
Miscellaneous		0	0	0		-1		1
Directional		66	-3	69		8		58
Horizontal		801	0	801		275		526
Vertical		64	4	60		-5		69
Canada Breakout Information		This Week	+/-	Last Week		+/-		Year Ago
Oil		120	-14	134		14		106
Gas		90	-14	104		-23		113
Miscellaneous		0	0	0		-5		5
Major State Variances		This Week	+/-	Last Week		+/-		Year Ago
Alaska		5	0	5		-4		9
Arkansas		0	0	0		-1		1
California		14	0	14		8		6
Colorado		33	0	33		5		28
Kansas		0	0	0		-1		1
Louisiana		62	0	62		14		48
New Mexico		75	4	71		42		33
North Dakota		48	1	47		16		32
Ohio		26	0	26		7		19
Oklahoma		120	-1	121		36		84
Pennsylvania		36	0	36		4		32
Texas		455	-2	457		134		321
Utah		12	0	12		8		4
West Virginia		13	0	13		5		8
Wyoming		24	-2	26		5		19
Major Basin Variances		This Week	+/-	Last Week		+/-		Year Ago
Ardmore Woodford		1	0	1		0		1
Arkoma Woodford		8	0	8		4		4
Barnett		6	2	4		3		3
Cana Woodford		73	4	69		37		36
DJ-Niobrara		23	0	23		-2		25
Eagle Ford		70	0	70		26		44
Fayetteville		0	0	0		-1		1
Granite Wash		12	0	12		-2		14
Haynesville		47	0	47		20		27
Marcellus		48	0	48		9		39
Mississippian		3	-1	4		0		3
Permian		398	1	397		136		262
Utica		27	0	27		7		20
Williston		49	1	48		17		32

Weekly Natural Gas Storage Report

for week ending December 22, 2017   |   Released: December 28, 2017 at 10:30 a.m.   |   Next Release: January 4, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
														Historical Comparisons
	Stocks billion cubic feet (Bcf)													Year ago (12/22/16)						5-year average (2012-16)
Region	12/22/17			12/15/17			net change			implied flow				Bcf			% change			Bcf			% change
East	782			811			-29			-29				765			2.2			803			-2.6
Midwest	941			980			-39			-39				955			-1.5			938			0.3
Mountain	195			204			-9			-9				219			-11.0			195			0.0
Pacific	281			294			-13			-13				286			-1.7			321			-12.5
South Central	1,133			1,155			-22			-22				1,170			-3.2			1,160			-2.3
Salt	324			330			-6			-6				330			-1.8			322			0.6
Nonsalt	809			825			-16			-16				840			-3.7			839			-3.6
Total	3,332			3,444			-112			-112				3,394			-1.8			3,417			-2.5

Summary

Working gas in storage was 3,332 Bcf as of Friday, December 22, 2017, according to EIA estimates. This represents a net decrease of 112 Bcf from the previous week. Stocks were 62 Bcf less than last year at this time and 85 Bcf below the five-year average of 3,417 Bcf. At 3,332 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.

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	12/22/17			12/15/17				net change
East	1.4			1.4				0.5
Midwest	1.7			1.7				0.9
Mountain	1.6			1.6				0.1
Pacific	2.7			2.3				0.8
South Central	1.7			1.8				1.2
Salt	3.5			3.7				1.0
Nonsalt	2.0			2.0				0.6
Total	0.9			0.9				1.7