Exploration & Production
NuVista Plans Wapiti Montney Expansion Program
Print
|
NuVista Energy Ltd. has entered into agreements to issue a total of 19,000,000 common shares including 1,700,000 common shares to be issued on a "flow-through" basis for gross proceeds of $94,783,000.
Use of ProceedsProceeds of the Offerings will initially be used to pay down bank indebtedness and then to fund an expanded 2013 Wapiti Montney capital program. The Offerings play a key role in increasing NuVista's financial flexibility and creating shareholder value through a sustainable growth model focused primarily on the development of the condensate-rich Wapiti Montney natural gas play. We anticipate our improved financial strength, coupled with the evolving processing and transportation capacity in the area will provide us with the opportunity to add a third rig to our Montney…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…