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 Jan 05, 2018 7:35pm

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Post# 27294705

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.	5 January 2018	924	-5	29 December 2017	+259	6 January 2017
Canada	5 January 2018	174	+38	29 December 2017	-31	6 January 2017
International	November 2017	942	-9	October 2017	+17	November 2016

	Rotary Rig Count

	1/5/2018


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

Land		906	-3	909		266	640
Inland Waters		1	-1	2		0	1
Offshore		17	-1	18		-7	24
United States Total		924	-5	929		259	665

Gulf Of Mexico		17	-1	18		-6	23

Canada		174	38	136		-31	205

North America		1098	33	1065		228	870

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

Oil		742	-5	747		213	529
Gas		182	0	182		47	135
Miscellaneous		0	0	0		-1	1

Directional		64	-4	68		7	57
Horizontal		798	2	796		264	534
Vertical		62	-3	65		-12	74


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

Oil		98	36	62		17	81
Gas		76	2	74		-47	123
Miscellaneous		0	0	0		-1	1

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

Alaska		5	0	5		-3	8
Arkansas		0	0	0		-1	1
California		14	0	14		8	6
Colorado		34	0	34		5	29
Louisiana		56	-6	62		6	50
New Mexico		76	1	75		39	37
North Dakota		45	-1	46		12	33
Ohio		27	0	27		7	20
Oklahoma		118	-2	120		32	86
Pennsylvania		36	0	36		3	33
Texas		454	1	453		127	327
Utah		11	0	11		7	4
West Virginia		13	0	13		5	8
Wyoming		26	2	24		9	17

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	0	6		3	3
Cana Woodford		73	0	73		36	37
DJ-Niobrara		26	0	26		1	25
Eagle Ford		70	0	70		23	47
Fayetteville		0	0	0		-1	1
Granite Wash		12	0	12		2	10
Haynesville		45	-1	46		16	29
Marcellus		48	0	48		8	40
Mississippian		3	0	3		0	3
Permian		400	2	398		133	267
Utica		28	0	28		7	21
Williston		46	-1	47		13	33

Weekly Natural Gas Storage Report

for week ending December 29, 2017 | Released: January 4, 2018 at 10:30 a.m. | Next Release: January 11, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (12/29/16)		5-year average (2012-16)
Region	12/29/17	12/22/17	net change	implied flow	Bcf	% change	Bcf	% change
East	740	782	-42	-42	740	0.0	776	-4.6
Midwest	875	941	-66	-66	925	-5.4	901	-2.9
Mountain	183	195	-12	-12	208	-12.0	187	-2.1
Pacific	268	281	-13	-13	276	-2.9	310	-13.5
South Central	1,060	1,133	-73	-73	1,169	-9.3	1,143	-7.3
Salt	302	324	-22	-22	340	-11.2	322	-6.2
Nonsalt	759	809	-50	-50	829	-8.4	821	-7.6
Total	3,126	3,332	-206	-206	3,318	-5.8	3,318	-5.8

Summary

Working gas in storage was 3,126 Bcf as of Friday, December 29, 2017, according to EIA estimates. This represents a net decrease of 206 Bcf from the previous week. Stocks were 192 Bcf less than last year at this time and 192 Bcf below the five-year average of 3,318 Bcf. At 3,126 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	12/29/17	12/22/17	net change
East	1.4	1.4	0.7
Midwest	1.7	1.7	1.4
Mountain	1.6	1.6	0.4
Pacific	2.5	2.7	1.2
South Central	1.7	1.7	2.2
Salt	3.4	3.5	1.6
Nonsalt	2.0	2.0	1.5
Total	0.9	0.9	3.0