Exploration & Production | Forecast - Production | Capital Markets | Capital Expenditure
Nuvista Cuts Spending, Adjusts Guidance in 2015
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NuVista Energy Ltd. has announced that through the fourth quarter of 2014 we have continued to deliver strong production and well results, have sold non-core assets to further strengthen our balance sheet, and are revising our 2015 capital spending plan to maintain financial strength during the current commodity price weakness.
Field operations have been strong and steady through the fourth quarter of 2014, with all key operational targets being met. NuVista has reached production in excess of 15,000 Boe/d in the Wapiti Montney area, and additional wells continue to be tied in for start-up through the first quarter of 2015. Based on field estimates, total production for the fourth quarter of 2014 is expected to be at the higher end of our guidance range of 21,000 - 22,500 Boe/d…
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