NuVista Energy Ltd., Calgary, has revised down its full year production guidance to 76,000-79,000 boe/d from 79-000-83,000 boe/d due to the impacts of the Alberta-area wildfires.
The company’s capital execution plans remain unchanged with a net capital expenditures guidance of $425-450 million, the company said in a release June 5.
Production of 71,000 boe/d is expected in this year’s second quarter, including the overall impact of the wildfires of about 11,000 boe/d. Over the year’s second half, NuVista expects an additional impact of about 1,000 boe/d due to capital project schedule delays associated with the wildfires.
Production was temporarily impacted by the wildfires in the Grande Prairie region of Alberta, as certain of the company’s fields were shut in May 5 as a precautionary measure. A gradual restart began the week of May 22 as conditions improved. Production has now reached a new record of about 80,000 boe/d, the company said.
