Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
NuVista IDs 2017 Capex of $260-300 Million; Up ~40% YOY
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NuVista Energy has detailed its outlook for 2017.
Key Points: 2017 capex of $260-300 million (up between +30% to +50% from 2016) Production guidance of 28,000 - 31,000 Boe/d (up between +19% to +32% from 2016)Production for the fourth quarter of 2016 is anticipated in the range of 23,500 to 24,500 Boe/d, including downtime of 650 Boe/d associated with maintenance which was executed by Pembina and Alliance Pipelines, and Keyera Simonette gas plant in October. Capital spending for 2016 was previously announced in the range of $200 - $215 million. Our guidance for funds from operations for 2016 is $125 - $130 million. This assumes fourth quarter benchmark pricing of US$46.00/Boe WTI and C$2.60/GJ AECO natural gas on average, with a USD/CAD exchange rate of 1.33.
For 2017, our guidance…
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