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NuVista Energy Running 3 Wapiti Montney Rigs
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NuVista Energy Ltd. has announced results for the three and twelve months ended December 31, 2014 and provide an update on its future business plans.
2015 Guidance In response to the recent downturn in commodity pricing NuVista announced in early 2015 that we had elected to revise our 2015 capital budget to a range of $270 to $290 million, which is reduced and high-graded from the original capital budget of $340 to $380 million announced in November of 2014. Spending for the first half of 2015 will be approximately 50 to 60% of the annual total. Activity for the first quarter of 2015 includes running two to three drilling rigs in the Wapiti area, ongoing completion and well tie-in activities, and constructing the Elmworth compressor station. strong>We will hold this pace of spending…- ✓ Full news archive — U.S., Canada & international coverage
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