NuVista Energy Ltd. Reinstates Production Guidance for the year 2020. As planned, the 15 new wells which were drilled and brought onstream in the first quarter are expected to allow to offset production declines and therefore achieve 2020 average production of approximately 50,000 Boe/d without any material capital spending through the remainder of this year. NuVista’s well and facility capability exceeded 60,000 Boe/d in the second quarter. The company restricted production to 50,922 Boe/d during the second quarter however, as a result of the excessively low pricing experienced during parts of the quarter. Indeed, current and future strip pricing has already recovered significantly. NuVista intends to curtail production to approximately 48,000 to 50,000 Boe/d for the third and fourth quarters of 2020, in order to maintain annual production at approximately 50,000 Boe/d in anticipation of commodity price strength which should exceed what the company witnessed in the second quarter. The company expects that all wells will be fully online on or near the end of the third quarter, at which point natural declines will continue, entering 2021 with a favorable and moderated base annual decline of approximately 30%.