NuVista Energy Ltd. announced operating results for the fourth quarter and full year of 2021. For the fourth quarter of 2021, the company achieved record production with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 Boe/d based on field estimates. This represents a production increase of 18% and 22% compared to the prior quarter and the fourth quarter of 2020, respectively, and is well above fourth quarter guidance range of 56,000 58,000 Boe/d. Additionally, production for the fourth quarter consisted of approximately 35% condensate, 10% NGLs, and 55% natural gas.
Annual 2021, the company production averaged approximately 52,200 Boe/d, above the top of the annual guidance range of 51,000 52,000 Boe/d.