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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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 Sep 08, 2023 12:22pm
74 Views
Post# 35626354

US oil and gas numbers

US oil and gas numbers

The number of drilling rigs operating in the U.S. today is 631, down 17 percent from a year ago. By contrast, the number of rigs operating overseas has increased. In addition, the U.S. is currently producing 12.8 million barrels of oil per day, still below the 13.1 million barrels each day we achieved under President Trump.

The ANWR is a potentially rich source of future U.S. oil and gas, with recoverable reserves estimated at as much as 16 billion barrels of oil and natural gas liquids. Potential daily peak production would be over 1 million barrels per day, a significant increment to current output.

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