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NuVista Energy Reduces Production Guidance After Unscheduled Third-Party Downtime
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NuVista Energy Reduces Production Guidance After Unscheduled Third-Party Downtime
Dec 18, 2024 5:56 AM

08:32 AM EST, 12/18/2024 (MT Newswires) -- NuVista Energy ( NUVSF ) on Wednesday reduced its production guidance for the fourth quarter due to an unscheduled downtime at a third-party gas plant.

The company said it temporarily curtailed production in the greater Wapiti area following the disruption impacting its production volumes in December.

As a result, NuVista lowered its production guidance to a range of 83,000 to 84,000 barrels of oil equivalent per day (boe/d) from the previous guidance of 89,000 to 91,000 boe/d.

Following the change, the company expects to hit just below the bottom end of its full year 2024 guidance of 83,500 to 86,000 boe/d.

NuVista said the facility is currently being re-started and expects to return to production levels of above 90,000 boe/d to end 2024.

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