NuVista restarts most of its operations as wildfire concerns ease

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CALGARY — NuVista Energy Ltd. says it was able to restart most of its operations over the weekend as more favourable winds and weather helped ease the wildfire situation near its operations in Alberta.

Light rain and cooler temperatures slowed down wildfire activity in Alberta over the long weekend and more rain is in the forecast.

NuVista says it “shut in” operations at several of its fields on May 5 as a precautionary measure due to the fires. 

However, the company says daily production has returned to about 65,000 barrels of oil equivalent per day, up from an average about 35,000 from May 5 to 22.

If the rain and favourable winds occur as predicted, NuVista says it expects to return to full production of about 80,000 barrels of oil equivalent per day or more as soon as the situation stabilizes fully.

The company says it is not aware of any material damage to any company or third-party assets and infrastructure in the area.

This report by The Canadian Press was first published May 23, 2023.

Companies in this story: (TSX:NVA)

The Canadian Press

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