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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 Feb 01, 2024 11:50am
54 Views
Post# 35857233

Phillips 66 Shuts Section of Oklahoma Panhandle Pipeline Aft

Phillips 66 Shuts Section of Oklahoma Panhandle Pipeline Aft

(Reuters) — Phillips 66 said it has shut a section of a natural gas pipeline it operates in the Oklahoma Panhandle after a fire and rupture on Tuesday.

The company said the fire was extinguished early on Wednesday, while it has not yet determined the cause of the incident.

"There have been no injuries associated with the incident and no health threats to neighboring residences," it said.

According to the company statement, multiple fire and law enforcement agencies responded, and local roads near the site were temporarily closed.

The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) is investigating the cause of the incident along with the Oklahoma Commission Corporation, a PHMSA spokesperson said.

PHMSA is aware of an incident involving an 8-inch DCP Midstream’s gas gathering pipeline in Beaver County, Oklahoma, they added.

In 2023, Phillips 66 acquired all publicly held units of DCP Midstream LP. The deal was a move for the Houston-based refiner to bolster its pipeline businesses.

Earlier this month, a worker was injured after a fire at Phillips 66's 285,000-barrel-per-day Bayway refinery in New Jersey.

Last year, six people were treated for injuries after a fire broke out in the storage tank farm at the company's 149,000-barrel-per-day refinery in Borger, Texas, which led to the closure of the state highway near the refinery.

 
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