Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure | Capital Expenditure - 2018
NuVista Grows Production 51%; Plans $290 Million Montney CapEX
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NuVista reported 3 months and year-end 2017 results.
Produced a record 37,400 Boe/d for the fourth quarter of 2017, near the top of the guidance range of 35,000 – 38,000 Boe/d and 51% greater than the respective quarter in 2016. Full year 2017 production was approximately 29,800 Boe/d versus full year guidance of 28,000 – 31,000 Boe/d. This represents production which was 21% greater than the prior year figure; 2018 CapEx : $270 - $310 million, 2018 Production forecast : 35 - 40 MBoe/d Full year 2017 capital expenditures were $315 million including facilities expenditures and the drilling of 30 (30 net) wells in our condensate rich Wapiti Montney play. Successfully drilled our first Lower Montney horizontal well at Bilbo in the fourth quarter with very encouraging results. The…- ✓ Full news archive — U.S., Canada & international coverage
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