NuVista Energy Ltd. is pleased to announce the divestiture of its non-core Charlie Lake and Cretaceous Unit assets in the Wembley area, as well as selected water infrastructure assets in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments. There is no change to NuVista's ownership in our core Montney assets in Pipestone, Wapiti, and the surrounding area, and no material change to our [...]
NuVista Energy Ltd. is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face of a challenging year for all of industry, through the progression of our COVID-19 safe operating plan, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet [...]
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. announces that it acquired direct ownership and control of 17,324,000 common shares of NuVista Energy Ltd. today at a price of $0.61 per NuVista Share for an aggregate purchase price of $10,567,640. The Transaction was conducted as a block trade through the facilities of the [...]
NuVista Energy Ltd. is pleased to announce the successful renegotiations of our Minimum Volume Commitments under various processing and transportation agreements, and the successful consummation of an agreement for Letters of Credit support in the amount of $40 million with Export Development Canada . The adjustments to our MVCs profile provides NuVista with: A successful reduction of approximately 20% in our near-term [...]
NuVista Energy Ltd. is pleased to announce results for the three and six months ended June 30, 2020 and provide an update on our future business plans. NuVista took decisive action in the face of a challenging quarter for all of the industry, through the implementation of a COVID-19 safe operating plan, the restriction of higher condensate ratio production during the lowest oil/condensate commodity value periods, and the [...]
EnerCom hosts its 25th annual The Oil & Gas Conference in an innovative hybrid format Limited in-person attend attendance in Denver, Dallas, Houston, and Calgary Virtual attendance open to registrants globally EnerCom, Inc. is pleased to announce that registration is open for the 25th annual edition of its popular The Oil & Gas Conference® August 17th to the 19th, 2020. This year's event will be held in a hybrid format [...]
NuVista Energy Ltd. is pleased to announce that our bank syndicated credit facility limit has been redetermined at $475 million. This compares to the prior limit of $550 million. NuVista expects to have more than adequate liquidity for the remainder of 2020, as the Company plans to spend less than anticipated adjusted funds flow for the remainder of the year. As noted previously, NuVista has the productive capacity to [...]
NuVista Energy Ltd. announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 5, 2020 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 20, 2020 . 1. Fixing the Number of Directors By resolution passed via ballot, the number of [...]
NuVista Energy Ltd. is pleased to announce results for the three months ended March 31, 2020 and provide an update on our future business plans in response to volatile and low oil and liquids pricing induced by the ongoing Covid-19 crisis and the disputes between major oil producing countries. Financial and Operational Performance During the quarter ended March 31, 2020, NuVista: Produced 52,080 Boe/d, matching well with [...]
NuVista Energy Ltd. announces that we have reduced our capital spending program for 2020 effective immediately in order to remain approximately in line with forecast adjusted funds flow, consistent with prior guidance. Maintaining the strength of our balance sheet continues as the top priority after the sudden decline in oil prices associated with recent global events. Credit facility drawings will be managed to [...]
NuVista Energy Ltd. is pleased to announce results for the three months and year ended December 31, 2019 and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. Record 2019 Production and Adjusted Funds Flow During the quarter and year ended December 31, 2019, NuVista: Produced a record 57,010 Boe/d for the fourth quarter of 2019, or 16 [...]
NuVista Energy Ltd. is pleased to announce a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. Operations Update The NuVista operated Pipestone South Compressor Station has performed with high reliability since commencing operations late in the third quarter of 2019. After initial testing, the 11 new wells at Pipestone have been operating [...]
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