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