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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 Aug 30, 2023 11:11pm
105 Views
Post# 35613149

DT Midstream Successfully Completes Phase 1 LEAP Expansion A

DT Midstream Successfully Completes Phase 1 LEAP Expansion A

(P&GJ) — DT Midstream Inc. has announced the successful early commissioning of its LEAP phase 1 expansion, increasing capacity from 1.0 Bcf/d to 1.3 Bcf/d, surpassing its planned Q4 2023 in-service date and staying within budget.

(Image: DT Midstream)

The LEAP Gathering Lateral Pipeline is a 155-mile high-pressure lateral pipeline that gathers gas along a spine-like system from Haynesville shale area producers and redelivers gas to interstate pipelines that provide access to petrochemical and refining facilities, power plants and LNG export facilities.

The pipeline's phase 2 and phase 3 expansions are also progressing on schedule, with anticipated in-service dates of Q1 2024 and Q3 2024, respectively. This multi-phased project will ultimately elevate LEAP's total capacity to 1.9 Bcf/d, offering flexibility for future expansions up to 3 Bcf/d.

LEAP currently establishes connectivity between Haynesville production and burgeoning Gulf Coast markets, which are projected to witness growth of more than 8 Bcf/d by 2030. Presently, LEAP customers enjoy access to various operational or under-construction LNG terminals, including Sabine Pass, Cameron, Calcasieu Pass, Plaquemines, and Golden Pass through interconnections with Creole Trail, Cameron Interstate Pipeline, Texas Eastern, and Transco.

David Slater, President and CEO of DT Midstream, commented, "Achieving the early in-service of the LEAP expansion project marks a significant milestone in granting our customers 'wellhead to water' access to premium LNG markets. We take pride in supporting U.S. LNG exports globally, especially during times when energy security and affordability are of utmost importance."

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