NuVista Energy Ltd. is pleased to announce results for the three and nine months ended September 30, 2019 and provide an update on our future business plans. Measured and profitable growth continued as planned during the quarter due to the progressive addition of new wells as part of our ongoing development program in Gold Creek and Bilbo. Late in the third quarter, the startup of the Pipestone asset was achieved under [...]
NuVista Energy Ltd. is responding to a produced salt water leak on a pipeline in northwest Alberta, 70 kilometres south of Grande Prairie. The produced water disposal pipeline has been shut down and isolated. There have been no injuries. The pipeline runs from NuVista’s gas facility in the Bilbo field to a nearby water disposal well. Produced water is a by-product of oil and gas production. On the morning of Monday [...]
NuVista Energy Ltd. is pleased to announce results for the three and six months ended June 30, 2019 and provide an update on our future business plans. In these times of significant volatility in the commodity market, we are pleased to have strong well economics leading to a funded three year plan which delivers clear line of sight to material free funds flow and provides us flexibility to adapt as the market changes [...]
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference The oil and gas companies presenting at EnerCom's 24th annual The Oil & Gas Conference® are largely independent exploration and production companies developing oil and gas assets. The conference affords oil and gas analysts, portfolio managers, family offices and other buyside investors an [...]
NuVista Energy Ltd. announces that the following matters were approved at the annual meeting of the shareholders of NuVista held on May 7, 2019 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular dated March 22, 2019 . 1. Fixing the Number of Directors By resolution passed via ballot, the number of directors to be elected at the [...]
NuVista Energy Ltd. is pleased to announce results for the three months ended March 31, 2019 and provide an update on our future business plans. Financial and Operational Performance Continues to Improve During the quarter ended March 31, 2019, NuVista: Produced 43,840 Boe/d, matching well with the prior guidance range of 43,000 – 46,000 Boe/d and 21% higher than the same period in 2018. The quarter included [...]
NuVista Energy Ltd. is pleased to announce results for the three months and year ended December 31, 2018 and provide an update on our future business plans. Record 2018 Results, Strong 2019 Growth During the quarter and year ended December 31, 2018, NuVista: Produced a record 49,060 Boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000 – 48,500 Boe/d and 31% greater than the respective [...]
NuVista Energy Ltd. is pleased to announce a number of updates that demonstrate successful execution of our 2018 plans and strong progress towards our 2019 plans and beyond. Our 2018 full year and fourth quarter production guidance expectations have been exceeded, with specific highlights including the following: 2018 Production and Capital Update Field estimated production for the fourth quarter of 2018 was approximately [...]
NuVista Energy Ltd. is pleased to announce results for the three and nine months ended September 30, 2018 and provide an update on its future business plans. NuVista experienced another robust quarter with continued development drilling success. Production and adjusted funds flow increased significantly, reaching record levels due to strong well and facility performance, and additional acquired volumes, despite planned [...]
NuVista Energy Ltd. is pleased to announce that it has entered into an agreement as anchor tenant with Veresen Midstream Limited Partnership for firm transportation and processing of 100 MMcf/d of raw gas from our newly acquired Pipestone North block of lands. The processing capacity will be added in two incremental steps of 50 MMcf/d, each commencing in late 2020 and late 2021. NuVista has the flexibility to push the [...]
NuVista Energy Ltd. is pleased to announce the commencement of development for our Pipestone South block of land. NuVista would like to confirm we have received internal board approval as well as regulatory approval from the Alberta Energy Regulator for the construction of the Pipestone South compressor station west of Grande Prairie, Alberta. This compressor station has been upsized 50% from original plans and is now [...]
NuVista Energy Ltd. is pleased to announce the successful closing of the previously announced acquisition of the Cenovus Pipestone Partnership which holds assets in the Pipestone area of Northwest Alberta . The Acquisition was partially funded through an offering of 47,415,801 subscription receipts at a price of $8.10 per Subscription Receipt for gross proceeds of approximately $384 million. Subscription Receipts totaling [...]