Core Viewpoint - NuVista Energy Ltd. has temporarily curtailed production in the greater Wapiti area due to unscheduled maintenance at a third-party gas plant, leading to a revision of its fourth quarter production guidance [1] Group 1: Production Impact - Prior to the maintenance, NuVista's production was in line with fourth quarter guidance, averaging over 90,000 Boe/d in both October and November [1] - The revised fourth quarter guidance is now set at 83,000 - 84,000 Boe/d, down from the previous range of 89,000 - 91,000 Boe/d, indicating a potential shortfall below the full-year range of 83,500 - 86,000 Boe/d [1] - The facility is currently being restarted, with expectations to bring corporate production levels back above 90,000 Boe/d by the end of 2024 [1] Group 2: Company Overview - NuVista is engaged in the exploration, development, and production of oil and natural gas reserves in Alberta, focusing on the condensate-rich Montney formation in the Pipestone and Wapiti areas [2] - The Montney formation has significant potential to create shareholder value due to high-value condensate volumes associated with natural gas production [2] - NuVista's common shares trade on the TSX under the symbol NVA [2]
NuVista Energy Ltd. Advises of Impact of Unscheduled Third-Party Downtime