CORPORATE PRESENTATION March 2017 All amounts in Canadian dollars unless indicated otherwise.
NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 1.0 billion Basic Shares Outstanding(1): 172.7 million Bank Revolver Capacity(1): 200 million Percent Drawn(1): 0% Grande Net Debt/Funds from…
All of The Pieces in Place Pure-Play Montney Company In The Right Neighborhood Funded Growth Plan Through 2018+ Clear Line-of-Sight to 60,000 Boe/d Inventory Underpinned by Four Established Development Blocks Wellhead-to-Market…
Pure-Play Montney In The Right Neighborhood Alberta Condensate-Rich Montney Industry Drilling and Production Growth Continues High level of industry activity continues Elmworth to Kakwa Montney HZ Activity Update* 850 Montney HZ…
Pure-Play Montney In The Right Neighborhood The Alberta Condensate-Rich Montney: A World Class Play 1. Scalable/Repeatable Deposition on the shelf edge not isolated pockets Gas charged top to bottom Over-pressured low water…
Funded Growth Plan Strong Growth with Managed Debt/Funds Flow Capital Expenditures (MM) Production (MBoe/d) 400 Upside Case Base Case 50 Upside Case Base Case 330 40.0 300 40 300 273 31.0 30 24.6 200 189 22.4 280 35.0 260 20…
Funded Growth Plan Strong Production Ramp in Q4 After Planned Outages Production & Productive Well Count Forecast 2017E Capex Range (MM) 40 Guidance Range Well Capability Wells Capable of Production 120 DCET & Well Optimization…
Line-of-Sight to 60,000+ Boe/d Four Development Blocks Established Pipestone Pipestone Emerging Dev Block Gold Creek On Production Four layer development potential in the Initial type-curve 4.0 Bcf, 60 Bbls/MMcf Montney condensate…
Inventory Underpinned by Established Development Blocks Zones Currently in Development Elmworth Pipestone Gold Creek Bilbo Middle Montney 'D' Tested Not Tested 3 Producers 15 Producers Offsetting Middle Montney 'C'…
Bilbo Development Block Filling Facility Capacity 2 Rigs Drilling 5 New Wells in Q1 2017 39 Wells on Production (IP30) South Montney Sales Production 16 Cumulative-to-Date Six-well pad. Sales Gas NGL's C5+ T66 Bbls/MMcf Condensate…
Bilbo Development Block Results To-Date and Type Well Economics Currently Bilbo Well Production to-Date(1)(2) Bilbo Type Curve Inputs and Economics Piloting Original Historical Hi-Fi Half-Cycle Inputs Type Curve Average(3) Type…
Elmworth Development Block Volume Ramp In-Progress 21 Wells on Production (IP30) North Montney Sales Production T69 12 R9W6 R8W6 Cumulative-to-Date Sales Gas NGL's C5+ Three-well Pad Bbls/MMcf Drilling ERH 10 Condensate 9 Pilot up…
Elmworth Development Block Results To-Date and Type Well Economics Currently Elmworth Well Production to-Date(1)(2) Elmworth Type Curve Inputs and Economics Piloting Original Historical Hi-Fi Half-Cycle Inputs Type Curve Average(3)…
Gold Creek Development Block Initial Type-Curve Established 2016/17 Early Development Activity and Infrastructure Gold Creek Highlights Gold Creek Geology Gamma Porosity % Up to 3 developable layers 20 0 Condensate yield expected…
Gold Creek Development Block Results To-Date and Type Well Economics Currently Gold Creek Well Production to-Date(1) Gold Creek Type Curve Inputs and Economics Piloting piloting Historical ERH ERH + Hi-Fi Half-Cycle Inputs…
Pipestone Development Block Initial Type-Curve Established Facilities in Planning Phase for 2019-20 Development Pipestone Activity Pipestone Highlights Pipestone Geology ECA Pipestone 'Super- Up to 4 developable layers Gamma Porosity…
Pipestone Development Block Robust Initial Type-Curve Economics Offsetting Well Production vs. NVA Type Well(1) Pipestone Dev. Type Curve Inputs and Economics Half-Cycle Inputs Base Type Curve Offsetting wells restricted DCET Capital…
Proven Track Record of Execution 2016 Year-end Reserves Report 2016 Year-end Reserve Highlights Montney now comprises 99% of NuVista's reserves PDP F&D at 5-year low (10.80/Boe) driven by positive technical revisions and continued…
Proven Track Record of Execution 2016 Year-end Reserves Report Montney 'C' Reserves Montney 'B' Reserves NuVista F&D Costs (/Boe) 30 PDP F&D TP+PA F&D 25 20 15 10 5 0 2013 2014 2015 2016 Gross Montney Well and Location…
Proven Track Record of Execution Improving Efficiency and Well Costs Montney Well Cost (DCET) By Year Average Annual Montney Drilling Curves 14 0 2013 2014 2015 2016 Recent Wells 12 1,000 10 2,000 3,000 8 (MM) Depth (m)…
Proven Track Record of Execution ERH and Hi-Fi Completions Bilbo IP180 vs. Original Type Curve NVA Extended Reach Montney Horizontals 2,000 Bilbo TC Encouraging 1,800 ERH Results Total Sales IP180 (boe/d) 1,600 1,400 04-05…
Wellhead-to-Market Egress Plan In-Place Firm Egress Counts: Long-Term Growth Secured Grande Prairie SemCAMS Wapiti Sour Gas Plant Status: FID 2019 Startup Raw Gas Capacity: 200 MMcf/d NuVista North Compressor Station Condensate…
Wellhead-to-Market Egress Plan In-Place Wapiti Montney Processing CapacityMaterial Running Room 60,000+ Boe/d Montney Processing Capacity Secured 300 60,000 250 Montney Raw Gas Capacity (MMcf/d) 50,000 Montney Capacity…
Wellhead-to-Market Egress Plan In-Place Natural Gas Price Diversification NuVista has contracted for firm transportation on export pipelines to diversify pricing exposure We continue to evaluate future opportunities for…
Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 6,000 75.00 5,000 72.50 Hedged Volume, Bbl/d 4,000 70.00 Price, C/Bbl 3,000 67.50 Floor C WTI price of 65.73/Bbl on 64% of 2,000…
NuVista Operating Results 2016 and Q4 Guidance Achieved Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 30,000 23,215 23,355 25,484 23,451 24,898 24,716 Q1 '16 25,484…
NuVista Looking Forward Flexibility and Strength Growth in a Volatile Environment Pure-Play Montney Company In The Right Neighborhood Balance Sheet Strength Funded Growth Plan Through 2018+ Clear Line-of-Sight to 60,000 Boe/d…
APPENDIX March 2017 31
Condensate Pricing Strong Demand and Premium Price for the Long Term Western Canadian Condensate Pricing Condensate is used in Alberta as a diluent to ship heavy oil on pipelines Condensate in Alberta is typically priced at a…
Lower Montney Activity NuVista Data Collection In Progress R9W6 R7W6 R5W6 R3W6 Multiple pilot wells in progress by T70 industry Early Production Data Pipestone SCL 15-1-69-6W6 Emerging Tested: 1.9 MMcf/d and 174 bpd C5+…
Loading...
