NuVista Snapshot NuVista Corporate Info TSX Trading Symbol: NVA Market Capitalization: 700 million Basic Shares Outstanding: 225.6 million Credit Facility Capacity: 550 million Percent Drawn(1): 55% NuVista Wapiti Net…
Built-in Control and Flexibility Value Creation Remains Top-Priority Pure-Play Montney Company In The Right Neighborhood Flexibility to Grow to 110,000 Boe/d or Flatten at 68,000 Boe/d in 2021- 2022 while Generating Free Adjusted…
Upcoming Catalysts on the Horizon for NuVista Pipestone South: Q4 2019 First Production ON-STREAM Q3 2019 15,000 Boe/d facility startup, first stage is 10,000 Boe/d 11 Wells now on-stream all 4 developable horizons tested Avg IP60…
Montney In The Right Neighborhood Condensate-Rich Montney Industry Growth Continues Wembley to Kakwa Drilling Activity(1) Wembley to Kakwa Montney HZ Activity Update 350 Wembley/Pipestone Wapiti/Kakwa Overall activity has 300 grown…
Thoughtfully Measured & Self-Funded Growth Maximum Shareholder Value Derives from Measured Growth to our 2021 Minimum Volume Commitments Followed by Flexibility to Flatten for FAFF Generation +10-15% Prod/Share Option to flatten out…
Thoughtfully Measured & Self-Funded Growth Maximum Shareholder Value Derives from Measured Growth to our Minimum Volume Commitments Subsequent Options for Material FAFF Generation or Continued Growth NuVista 5-Year Outlook We Have…
Capital Expenditure Highlights 2020 FAFF Generation in Wapiti and Pipestone South Funds Pipestone North Ramp-up Activity scheduled to provide flexibility while meeting or exceeding 2020 Drilling Gantt Chart MVC's in each asset…
Building on Solid Foundation Flexible Line-of-Sight to 68,000 or 110,000+ Boe/d Pipestone Ramping up in 2019 & 2020 Gold Creek 2020+ FAFF Piestone Pipestone Phase 1 On-Stream Generation Pipestone South Compressor station SemCAMS…
Development Underpinned by Robust Established and Emerging Inventory Montney 'A' Reserves & Resource Montney 'B' Reserves & Resource Montney 'C' Reserves & Resource Montney 'D' Reserves & Resource Montney Wells Montney Wells Montney…
Greater Pipestone Area Poised for Sustained Growth Driven by Focus on Value PSN 12-well Pad Drilling Inventory & Infrastructure Plans in Place for 45,000+ Boe/d Pipestone North/ Wembley Base Pipestone South Growth Pipestone North…
Pipestone South Development Block Value Enhancement Through Execution and Cost Reduction 2019 Pads in Pipestone South Decreasing Costs in a High Value Development Area Drill & Complete Equip &Tie-In 10 Line of Sight 3 Well Pad 2…
Wapiti Development Area Stable Production Base, Generating Free Adjusted Funds Flow & Significant Remaining Inventory Wapiti Activity (Bilbo, Elmworth & Gold Creek) Wapiti Sales Production Q419/Q120 Activity Focused 45 Established…
Robust and Improving Wapiti Well Economics Pipestone Results Anticipated to Drive Next Leg of Improvement Bilbo Elmworth Gold Creek Bilbo Elmworth Gold Creek Historical Avg. First Year Capital Returned (2) 25 1.2 High-Liquids…
Lower Montney Activity Update 26 Wells and CountingEncouraging Results from NVA, POU and VII Highlight Reel Lower Montney Well Gas Production 1400 Recent NVA Lwr Montney wells are NVA 11-18 SCL 6-20 NVA 11-18 1200 Cumulative…
Market Egress Plan Capacity Secured Near-Term 2021 Production Target of 68,000 Boe/d with Complete Optionality for Free Adjusted Funds Flow Generation or Growth Thereafter Well over 110,000 Boe/d Montney Well Inventory Potential…
Condensate Pricing Strong Demand and Premium Price for the Long-Term Western Canadian Condensate Production (MB/d) Condensate is used in Alberta as a diluent to ship heavy oil 500 B.C. Alberta on pipelines 450 400 Condensate in…
Natural Gas Sales Points Q3 2019 Diversification Counts Net Revenue by Product & Gas Sales Point(1) Grande Prairie 1% 2% AECO 1% 2% 1.04 1.77 17% 1.82 1.94 2% Dawn 2.81 75% Malin Chicago 2.61 2.68 Chicago Nat Gas…
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…
The World Needs More Canadian Energy Our Industry's and NuVista's ESG is Tops ENVIRONMENTAL SOCIAL GOVERNANCE Canada and Alberta have among the Safety is our priority. Our HSE Policy Sound corporate governance is most stringent…
Safety and Environment Important aspects of ESG NVA is proud and Canada should be proud of its industry record of corporate responsibility versus other countries Total Annual Greenhouse Emissions & Intensity are Way Down NuVista GHG…
NuVista Operating Results 2019 and 2020 Guidance & Actuals Recap Corporate Production (Boe/d) Actual Production Guidance Wapiti Montney Other Properties (Boe/d) (Boe/d) 60,000 50,391 51,819 Q4 2019 57,000 58,000 60,000 49,060…
Why Buy NuVista Energy Stock Value Creation Remains Top-Priority Best Address + Best Execution = Best Returns Returns Inflection Point as we Grow into Pipestone, Cost Reductions & Technology Advancements Energy Equity Valuations at…
APPENDIX January 2020 28
Commodity Price Risk Management Continuing Rolling Hedging Program Crude Oil Hedge Position 12,000 90.00 10,000 85.00 Hedged Volume, Bbl/d 8,000 80.00 Price, C/Bbl Floor C WTI price of 6,000 75.00 77.24/Bbl on 57% of…
Multiple Existing and Future Processing Options NuVista Existing Gas Plants Wembley NuVista Ownership NuVista Firm Excess Capacity Facility or Firm Capacity In Downstream Available Place Capacity Keyera Pipestone SemCAMS K3…
NuVista 2018 Year-end Reserves Solid FoundationPipestone Acquisition Lengthens the Runway for Growth 2018 Year-end Reserve Highlights Record growth in PDP reserves and NPVBT10, a YoY increase of 55% to 84 MMBoe and 66% to 880MM…
Stratigraphy & Well Placement Reserves Booked in only 1-2 Layers Across our Lands Material Future Upside Remains Pipestone Pipestone 5 % Gas Filled North area has Pipestone Porosity four well Elmworth South Gold Creek developed…
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 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 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 Rich Type Curves & Well Economics Type Curve Comparison Plot Type Curve Inputs Existing Wells (2,237m) Existing Wells Norn. (3,000m) Risked Type Curve DCET Capital (MM) 8.4 10 Avg. Frac EUR (Raw Gas)…
Pipestone Development Block Very-Rich Type Curves & Well Economics Type Curve Comparison Plot Type Curve Inputs Existing Wells (2,719m) Existing Wells Norn. (3,000m) Risked Type Curve DCET Capital (MM) 8.4 10 EUR (Raw Gas) (Bcf)…