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NuVista Drops Capex 50%, Increases Production Guidance for 2016
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NuVista Energy Ltd. has announced results for the three and nine months ended September 30, 2015 and provided an update on its future business plans.
Quick Read - SummaryWell Cost (Montney) : ~$4m (6 of the last 10 wells drilled at this cost)
Wells Drilled : Four (4) Wells In Area (Wapiti Montney condensate rich)
Q4-2015 Guidance
Capital Expenditure (CY-2015) : $270 Production Guidance (Q4-2015E) : 23,250-24,000 Boe/d2016 Full Year Guidance & Outlook
Production Guidance : 24,500-26,000 Boe/d Capital Expenditure : $120-140 Million Highlights Achieved third quarter 2015 production of 21,622 Boe/d, in the midpoint of guidance despite significant TCPL/Nova and Alliance natural gas pipeline outages and service reductions which were greater than original projections. Production for…- ✓ Full news archive — U.S., Canada & international coverage
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