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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 Mar 12, 2024 3:14pm
118 Views
Post# 35929019

Freeport LNG's Feedgas Intake Plummets Amidst Operational Ch

Freeport LNG's Feedgas Intake Plummets Amidst Operational Ch

(Reuters) — Feedgas intake at the second largest U.S. liquefied natural gas (LNG) plant has fallen by almost half over the last week, according to data provider LSEG.

Natural gas flowing to Freeport LNG's Texas facility was down to 758 million cubic feet (MMcf) on Monday from 1463 MMcf on March 3, LSEG data showed.

The United States was the world's largest exporter of LNG last year, and also largest exporter of LNG to Europe, according to the U.S. Energy Information Administration.

Freeport's plant suffered from a major fire in 2022, and over the last month has had to take one of its three trains out of service. It had promised that its Train 3 would return to service this week, two weeks behind an original estimate.

The company on Monday did not immediately have an update on the repairs to Train 3.

Monday's feedgas intake is roughly half of the 1.4 bcf/d it uses when two of the three trains are operating, and a third of the 2.2 bcf/d it takes when at full capacity, LSEG data shows.

In January, each of the three trains either tripped or experienced a shutdown at least once, according to company filings with state regulators.

Those filings showed that Train 1 had a trip or shutdown that caused an emissions event on Jan. 24-25, Train 2 on Jan. 24, Jan. 22 and Jan. 16-17, and Train 3 on Jan. 17.

Freeport said on Monday it would not comment on the changes in its feedgas usage.

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