NuVista Energy Ltd. announced that in pursuit of board renewal and new exposures, the company announced some key board and committee changes. Mr. Keith MacPhail has decided to step down as board Chair at NuVista's upcoming annual general meeting in May, but will stand for election again as a director. The board announced that Mr. Pentti Karkkainen, who has served as a director for NuVista since 2003, has agreed to serve as Chair of the Board commencing in May. In addition, the company announced recent changes to Board committees in light of increased focus on ESG initiatives. The company has established an ESG Committee, the members of which will be: Mr. Sheldon Steeves (Chair), Mr. Brian Shaw, Ms. Debbie Stein and Mr. Grant Zawalsky. The company also combined Compensation Committee and Governance and Nominating Committee into Corporate Governance & Compensation Committee, the members of which will be: Mr. MacPhail (Chair), Mr. Karkkainen, Mr. Ron Eckhardt and Mr. Ron Poelzer.

Produced a record 57,010 Boe/d for the fourth quarter of 2019, or 16% greater than the respective quarter in 2018.

Full year 2019 production was a record 50,803 Boe/d, or 26% greater than 2018 production.

The company's 2020 guidance range is for production of 57,000 Boe/d with capital spending of $300 million, and up to 61,000 Boe/d.

As a result, the first quarter 2020 is expected to average in the range of 50,000 to 54,000 Boe/d and the second quarter 2020 in the range of 58,000 to 62,000 Boe/d. These figures are unchanged as compared to previous guidance.