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  1. Market Data
May 6, 2022

Wapiti (NuVista Energy Ltd.) AB Unconventional Gas Field, Canada

By Carmen

Wapiti (NuVista Energy Ltd.) AB is a producing unconventional gas field located onshore Canada and is operated by NuVista Energy.

Field participation details

The field is owned by NuVista Energy.


Production from Wapiti (NuVista Energy Ltd.) AB

The Wapiti (NuVista Energy Ltd.) AB unconventional gas field recovered 30.32% of its total recoverable reserves, with peak production expected in 2025. The peak production will approximately 27 thousand bpd of crude oil and condensate, 335 Mmcfd of natural gas and 2.16 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 238.89 Mmboe, comprised of 71.23 Mmbbl of crude oil & condensate, 908.57 bcf of natural gas reserves and 16.22 Mmbbl of natural gas liquid reserves. Wapiti (NuVista Energy Ltd.) AB unconventional gas field reserves accounts 0.20% of total remaining reserves of producing unconventional gas fields globally.


About NuVista Energy

NuVista Energy Ltd (NuVista) is an oil and gas company that offers exploration, development and production of oil and natural gas reserves. The company conducts its operations in Western Canadian Sedimentary Basin which is located in West Central Alberta and Northeast British Columbia areas of Canada. Its property covers over 120,640 gross acres of land which is rich in high rate condensate natural gas. The company’s Montney Operations include Pipestone Area, Elmworth Area, Gold Creek Area, Bilbo Area and West Bilbo Area. It also acquires and explores new properties in the Western Canadian Sedimentary basin. NuVista is headquartered in Calgary, Alberta, Canada

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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