NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 1.5 billion Basic Shares Outstanding(1): 174 million Credit Facility Capacity(1): 310 million Percent Drawn(2): 41% Grande Prairie Net…
Why Buy NuVista Trusted Repeatable Value Growth Pure-Play Montney Company In The Right Neighborhood Balance Sheet Strength - Funded Growth Plan with Great Economics Clear Line-of-Sight to 60,000 Boe/d Inventory Underpinned by…
Challenges with Canadian Energy NVA Has Managed the Risk Challenge NuVista Solution Can't get the oil out Alberta is the condensate market Not enough gas egress We have firm egress for 100% of our 60,000 Boe/d Plan AECO Volatility…
Montney In The Right Neighborhood Condensate-Rich Montney Industry Growth Continues Elmworth to Kakwa Montney HZ Activity Update* High level of industry activity continues 900 Industry Montney HZ wells licensed and/or T70 drilled…
Funded Growth Plan Strong Growth with Managed Net Debt to Adjusted Funds Flow Capital Expenditure Guidance Range (MM) Production Guidance Range (MBoe/d) 400 40.0 40 315 310 300 273 29.8 30 24.6 22.4 35.0 200 189 270 20 100 10…
2018 Guidance Strong Year-over-Year Growth and Capital Flexibility 2018 Capex Range (MM) 2018 Production Adds Activity 2019 Growth Activity Long Term Investment, Maintenance and Other 85 Flexibility to adjust Flexibility to…
Line-of-Sight to 60,000+ Boe/d Four Development Blocks Established Piestone Pipestone Emerging Dev Block Gold Creek On Production Four layer development potential in the Hi-Fi Type-Curve 6.0 Bcf, 60 Bbls/MMcf Montney condensate…
NuVista Montney Portfolio Increasing Rate-of-Change in Value Bilbo Valued on Production Elmworth Gold Creek Pipestone Valued on West Bilbo Potential Lower Montney Establishing Type-Curve Improving Type-Curve…
Inventory Underpinned by Established Development Blocks Elmworth Gold Creek Pipestone Bilbo Middle Montney 'D' Tested Not Tested 5 Producers 24 Producers NVA Test and Middle Montney 'C' Offsetting Production Tested 6…
NuVista Reserves Solid And Growing Underlying Reserves Foundation 2017 Year-end Reserve Highlights Significant growth in PDP reserves and NPVBT10, a YoY increase of 43% to 54 MMBoe and 36% to 530MM, respectively, which serves as a…
Bilbo Development Block Free-Cashflow Positive 56 Wells on Production (IP30) South Montney Sales Production Cumulative-to-Date 20 Bbls/MMcf Sales Gas NGL's C5+ C5+ 54 Butane 15 Propane Production (Mboed) 87 10 5…
Bilbo Development Block Performance Update: Getting More for Less Bilbo IP90 Production and DCET Capital Cost Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well Condensate Mov. Avg. 10-well Capital Cost…
Bilbo Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Original Historical Average Hi-Fi 10 Payout (Years) WTI Rate (MMcf/d) 55/Bbl 60/Bbl 65/Bbl…
Elmworth Development Block Significant New Results Hi-Fi Coming Through 30 Wells on Production (IP30) North Montney Sales Production Cumulative-to-Date Sales Gas NGL's C5+ Bbls/MMcf 20 C5+ 9 9 Butane Production (Mboed) 15…
Elmworth Development Block At a Tipping Point: Encouraging Recent Well Results Elmworth IP30 Production and DCET Capital Cost Condensate (Bbl/d) Total Sales (Boe/d) 10-well Total Sales Mov. Avg. 10-well Condensate Mov. Avg. 10-well…
Elmworth Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Original Historical Average Hi-Fi Payout (Years) 10 WTI 55/Bbl 60/Bbl 65/Bbl Rate (MMcf/d)…
Gold Creek Development Block Initial Type-Curve Established 2016-18 Early Development Activity and Infrastructure Gold Creek Highlights Gold Creek Geology Up to 3 developable layers Gamma Porosity % 20 0 Condensate yield expected to…
Gold Creek Development Block Results To-Date and Type Well Economics Type Curve Comparison Plot Hi-Fi Type Curve Economic Sensitivities Historical Average ERH ERH + HiFi Payout (Years) 10 WTI 55/Bbl 60/Bbl 65/Bbl Rate (MMcf/d)…
Pipestone Development Block Facilities in Planning Phase for 2019-20 Development Pipestone Activity Pipestone Highlights Pipestone Geology ECA Pipestone 'Super- Up to 4 developable layers Gamma Porosity Condensate' 20 0 Acreage to…
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…
Proven Track Record of Execution Improving Efficiency and Well Costs Montney Well Cost (DCET) By Year Average Annual Montney Drilling Curves 14 2013 2014 2015 2016 2017 0 12 1,000 10 2,000 Depth (m) 8 (MM) 6 3,000 4…
Wellhead-to-Market Egress Plan In-Place Firm Egress Counts: Long-Term Growth Secured Grande Prairie SemCAMS Wapiti Sour Gas Plant Status: Under Construction 2019 Startup Raw Gas Capacity: 200 MMcf/d NuVista North Compressor…
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 (Boe/d)…
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 diversification…
Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 9,000 75.00 8,000 72.50 7,000 70.00 67.50 Hedged Volume, Bbl/d 6,000 Price, C/Bbl 65.00 Floor C WTI price of 5,000 62.50…
Natural Gas Sales Points Q4 2017 Diversification Counts Grande Prairie AECO 1.96 2.69 Market Price 2.66 2.85 Market Netback Dawn 3.75 Malin* Chicago 3.34 3.70 Henry Hub All prices in C/mcf 3.73 Market Netback =…
NuVista Operating Results 2017 Guidance Delivered Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 40,000 37,435 35,000 Q1 '17 26,731 26,000 29,000 29,405 30,000 26,731…
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 with Great Economics Clear Line-of-Sight to 60,000…