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Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Jul 25, 2023 10:02pm
82 Views
Post# 35557013

Black Bear's AlaTenn Pipeline Commences Gas Deliveries to Ne

Black Bear's AlaTenn Pipeline Commences Gas Deliveries to Ne

(P&GJ) — Black Bear Transmission LLC has announced that its AlaTenn pipeline system has started delivering natural gas supply for commissioning of three new natural gas-fueled power plant units owned and operated by the Tennessee Valley Authority (TVA) in Alabama’s Colbert County.

Commissioning of the new units is the culmination of a multiyear collaborative effort between TVA and AlaTenn. The new units will begin commercial operation later this year.

TVA published an Integrated Resource Plan (IRP) in 2019, which highlighted the need to expand TVA’s diverse energy portfolio, including adding more natural gas that is firm, dispatchable and allows more renewables to be brought on to the system. The IRP process allows stakeholders to review TVA’s planning information and help shape business decisions on ways TVA can best meet future demand for power that is affordable, reliable and clean.

TVA then conducted a process in 2020 to identify eligible locations for new natural gas-fired generating capacity. In 2021, AlaTenn and TVA signed a 15-year transportation agreement, which supported the construction of new pipeline facilities to transport additional natural gas to TVA’s Power Plant in Colbert County, Alabama. AlaTenn completed construction of its facilities in the fourth quarter of 2022.

TVA’s new power generating units will add approximately 750 megawatts of natural gas-fueled generating capacity to the Colbert Plant site, which is a location where TVA previously retired a coal plant in 2016.

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