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 Mar 04, 2018 2:20am

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Post# 27657517

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.	2 March 2018	981	+3	23 Febuary 2018	+225	3 March 2017
Canada	2 March 2018	302	-4	23 Febuary 2018	-33	3 March 2017
International	January 2018	960	+6	December 2017	+27	January 2017

	Rotary Rig Count

	3/2/2018


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

Land		963	4	959	229	734
Inland Waters		4	2	2	0	4
Offshore		14	-3	17	-4	18
United States Total		981	3	978	225	756

Gulf Of Mexico		14	-3	17	-4	18

Canada		302	-4	306	-33	335

North America		1283	-1	1284	192	1091

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

Oil		800	1	799	191	609
Gas		181	2	179	35	146
Miscellaneous		0	0	0	-1	1

Directional		75	6	69	14	61
Horizontal		847	5	842	214	633
Vertical		59	-8	67	-3	62


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

Oil		211	2	209	14	197
Gas		91	-6	97	-47	138

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

Alaska		11	2	9	5	6
Arkansas		0	0	0	-1	1
California		14	0	14	8	6
Colorado		30	-3	33	5	25
Louisiana		59	-1	60	8	51
New Mexico		88	1	87	41	47
North Dakota		47	-2	49	10	37
Ohio		22	0	22	3	19
Oklahoma		124	3	121	26	98
Pennsylvania		41	2	39	9	32
Texas		483	1	482	91	392
Utah		10	0	10	3	7
West Virginia		16	0	16	6	10
Wyoming		31	0	31	14	17

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

Ardmore Woodford		1	0	1	-1	2
Arkoma Woodford		7	0	7	1	6
Barnett		2	0	2	-2	4
Cana Woodford		68	-1	69	18	50
DJ-Niobrara		25	-1	26	5	20
Eagle Ford		70	0	70	1	69
Fayetteville		0	0	0	-1	1
Granite Wash		12	0	12	-1	13
Haynesville		51	0	51	17	34
Marcellus		56	2	54	15	41
Mississippian		4	0	4	1	3
Permian		434	-1	435	126	308
Utica		23	0	23	3	20
Williston		48	-2	50	10	38

Weekly Natural Gas Storage Report

for week ending February 23, 2018 | Released: March 1, 2018 at 10:30 a.m. | Next Release: March 8, 2018

Working gas in underground storage, Lower 48 states Summary text CSV JSN
					Historical Comparisons
	Stocks billion cubic feet (Bcf)				Year ago (02/23/17)		5-year average (2013-17)
Region	02/23/18	02/16/18	net change	implied flow	Bcf	% change	Bcf	% change
East	382	403	-21	-21	423	-9.7	413	-7.5
Midwest	398	428	-30	-30	609	-34.6	488	-18.4
Mountain	102	111	-9	-9	146	-30.1	133	-23.3
Pacific	189	204	-15	-15	205	-7.8	224	-15.6
South Central	611	614	-3	-3	979	-37.6	795	-23.1
Salt	183	175	8	8	332	-44.9	215	-14.9
Nonsalt	429	440	-11	-11	647	-33.7	580	-26.0
Total	1,682	1,760	-78	-78	2,362	-28.8	2,054	-18.1

Summary

Working gas in storage was 1,682 Bcf as of Friday, February 23, 2018, according to EIA estimates. This represents a net decrease of 78 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 372 Bcf below the five-year average of 2,054 Bcf. At 1,682 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	02/23/18	02/16/18	net change
East	1.6	1.5	0.4
Midwest	1.9	1.9	0.8
Mountain	1.4	1.4	0.3
Pacific	2.6	2.9	1.4
South Central	2.1	2.0	1.4
Salt	3.6	3.4	1.0
Nonsalt	2.5	2.5	1.1
Total	1.0	1.0	2.2