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CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three months ended March 31, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. This was a successful quarter for NuVista, with results that included the startup of the new Pipestone North compressor station facility ahead of schedule and below expected cost, the completion and startup of 16 new wells primarily in Pipestone North, and the delivery of production and cashflow results which were ahead of expectations.
NuVista Energy Ltd. Announces Year End 2020 Reserves, Financial and Operating Results
March 02, 2021 18:46 ET | Source: NuVista Energy Ltd. NuVista Energy Ltd. CALGARY, Alberta, CANADA
CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce reserves, financial and operating results for the three months and year ended December 31, 2020, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. 2020 was an unprecedented year where the world saw the COVID-19 pandemic deeply affecting all economies and temporarily reducing the demand for oil and natural gas worldwide, and this was compounded by the price pressures of the Saudi-Russian oil price war early in the year. Commodity pricing for WTI oil and NYMEX natural gas was highly volatile and averaged at decade low level