NuVista Energy Ltd. Announces Record Production and Positive Second Quarter 2023 Financial and Operating Results

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record high weekly production and positive financial and operating results for the three and six months ending June 30, 2023. Despite facing temporary production challenges from the Alberta wildfires and moderation in commodity prices, the quality and capacity of our asset base enabled us to continue to deliver strong returns. We continued to invest in a disciplined manner in new high-return wells to fill and optimize existing facilities. New well results continued to be strong, and our most recent Gold Creek pad set a new record for cost and speed of drilling for the Wapiti area. During the quarter, we successfully completed and then renewed our Normal Course Issuer Bid (“NCIB”), reaffirming our commitment to returning capital to shareholders. Additionally, NuVista once again increased our future natural gas export pipeline capacity.

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