Capital Markets | Capital Expenditure | Capital Expenditure - 2020 | 2020 Guidance
7Gen Cuts Capex 12% for 2020; 'Maintenance' Production, Montney Focus
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Seven Generations Energy has detailed its 2020 outlook.
2020 Guidance Total capital investments of $1.1 billion during 2020, a reduction of $150 million or 12% compared to 2019 This level of investment is anticipated to maintain full-year production levels that average 200 to 205 Mboe/dThe company anticipates fully funding this capital program in a US$50/bbl WTI / US$2.50/MMbtu Henry Hub commodity price environment.
Plan Details7Gen's 2020 plans will include lower Montney co-development in approximately 30% of 2020 pads. This program also includes continued development of the Nest 3 region in the first half of the year, with renewed activity in the ultra condensate-rich Nest 1 region in the second half of the year.
Discretionary capital in 2020 of approximately $100 million, a…
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