NuVista Energy Ltd.
NuVista Energy is the new view of Bonavista Petroleum, which reorganized in 2003 to form an income trust company (Bonavista Energy Trust) and an oil and natural gas exploration company. NuVista focuses on oil and natural gas exploration, development, and production in east-central Alberta and west-central Saskatchewan. Operating in the Oyen, Provost, and Pembina areas, NuVista Energy Ltd. has proved plus probable reserves of 82.2 million barrels of oil equivalent. The group's strategy is to concentrate on its core natural gas-prone areas, drilling medium-risk prospects, and to invest 10% of its capital on higher-risk properties. In 2009 NuVista Energy Ltd. acquired assets in British Columbia and Northwest Alberta for $174 million.
Contact Details
Executives
Chairman
Keith A. J. MacPhail
President and CEO
Alex G. Verge