NuVista Energy Ltd. Announces Record Year End 2021 Reserves, Financial and Operating Results

CALGARY, Alberta, March 09, 2022 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting reserves, financial and operating results for the three months and year ended December 31, 2021, and to provide a number of updates which demonstrate material advancement of our Pipestone and Wapiti Montney development. 2021 was a year of significant commodity price recovery after the difficult year in 2020 due to the reduction in energy demand as a result of the Covid-19 pandemic. We used our significantly growing adjusted funds flow in a disciplined manner by growing production with new high-return wells to fill and optimize existing facilities while making rapid and meaningful progress in debt reduction. NuVista is now moving forward through 2022 with strength and increasing momentum in this significantly improved commodity price environment.

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