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 20, 2018 10:50am

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Post# 27400506

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.	19 January 2018	936	-3	12 January 2018	+242	20 January 2017
Canada	19 January 2018	325	+49	12 January 2018	-17	20 January 2017
International	December 2017	954	+12	November 2017	+25	December 2016

	Rotary Rig Count

	1/19/2018


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

Land		916	-3	919	246	670
Inland Waters		1	0	1	1	0
Offshore		19	0	19	-5	24
United States Total		936	-3	939	242	694

Gulf Of Mexico		19	0	19	-4	23

Canada		325	49	276	-17	342

North America		1261	46	1215	225	1036

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

Oil		747	-5	752	196	551
Gas		189	2	187	47	142
Miscellaneous		0	0	0	-1	1

Directional		77	5	72	17	60
Horizontal		802	-3	805	243	559
Vertical		57	-5	62	-18	75


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

Oil		208	23	185	15	193
Gas		117	26	91	-32	149

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

Alaska		5	-1	6	-3	8
Arkansas		0	0	0	-1	1
California		14	0	14	8	6
Colorado		32	-4	36	4	28
Louisiana		62	1	61	11	51
New Mexico		82	1	81	44	38
North Dakota		44	-1	45	9	35
Ohio		23	-4	27	2	21
Oklahoma		121	0	121	30	91
Pennsylvania		37	1	36	4	33
Texas		453	1	452	111	342
Utah		11	-1	12	6	5
West Virginia		15	2	13	6	9
Wyoming		29	3	26	10	19

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

Ardmore Woodford		1	0	1	0	1
Arkoma Woodford		9	0	9	5	4
Barnett		3	-2	5	1	2
Cana Woodford		71	-2	73	25	46
DJ-Niobrara		25	-2	27	2	23
Eagle Ford		67	-3	70	18	49
Fayetteville		0	0	0	-1	1
Granite Wash		11	-1	12	2	9
Haynesville		46	0	46	17	29
Marcellus		51	3	48	11	40
Mississippian		4	0	4	2	2
Permian		409	6	403	128	281
Utica		24	-4	28	1	23
Williston		45	-1	46	10	35

Weekly Natural Gas Storage Report

for week ending January 12, 2018 | Released: January 18, 2018 at 10:30 a.m. | Next Release: January 25, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (01/12/17)		5-year average (2013-17)
Region	01/12/18	01/05/18	net change	implied flow	Bcf	% change	Bcf	% change
East	614	664	-50	-50	647	-5.1	683	-10.1
Midwest	717	778	-61	-61	805	-10.9	786	-8.8
Mountain	158	167	-9	-9	185	-14.6	169	-6.5
Pacific	244	251	-7	-7	250	-2.4	276	-11.6
South Central	851	907	-56	-56	1,064	-20.0	1,032	-17.5
Salt	206	224	-18	-18	316	-34.8	286	-28.0
Nonsalt	646	683	-37	-37	748	-13.6	745	-13.3
Total	2,584	2,767	-183	-183	2,952	-12.5	2,946	-12.3

Summary

Working gas in storage was 2,584 Bcf as of Friday, January 12, 2018, according to EIA estimates. This represents a net decrease of 183 Bcf from the previous week. Stocks were 368 Bcf less than last year at this time and 362 Bcf below the five-year average of 2,946 Bcf. At 2,584 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 2013 through 2017. 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	01/12/18	01/05/18	net change
East	1.5	1.5	0.8
Midwest	1.7	1.7	1.2
Mountain	1.6	1.6	0.2
Pacific	2.6	2.4	0.5
South Central	1.8	1.7	1.5
Salt	3.4	3.1	1.0
Nonsalt	2.1	2.0	1.1
Total	0.9	0.8	2.1