NuVista Energy Ltd. Provides Production Guidance for the Fourth Quarter and Full Year of 2017; Provides Production and Capital Spending Guidance for the Full Year of 2018
January 16, 2018 at 04:40 pm
NuVista Energy Ltd. provided production guidance for the fourth quarter and full year of 2017. Field-estimated production for the fourth quarter of 2017 was approximately 37,400 Boe/d, near the top of the previously guided range of 35,000 – 38,000 Boe/d.
2017 full year production estimate is approximately 29,700 Boe/d versus previous guidance of 28,000 – 31,000 Boe/d.
Guidance for 2018 remains as previously announced with capital spending anticipated in the range of $270 - $310 million.
2018 production is expected to be in the range of 35,000 – 40,000 Boe/d.