Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Montney Operator Cuts 2019 Spending by 30%
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Seven Generations Energy has approved a 2019 capital investment budget of $1.25 billion (this is $500 million (-29%) lower than its 2018 capex).
*The budget assumes WTI at $50 / barrel
Highlights: At US$50/bbl WTI, 2019 capital investments are projected to:° Approximately equal adjusted funds flow
° Generate a cash return on invested capital greater than 13 percent
- $1.25B budget consists of:
$1.1B of maintenance capital ($780 million for core Nest 2 development / $320 million for Nest 1 and 3 development (both in the Montney)) $125 million for Lower Montney / Wapiti delineation $25 million for infrastructure projects- 2019 Production: 200,000-205,000 BOEPD
This includes 75,000 BOEPD of condensate 2019 Montney Plans2019 delineation-drilling investments follow the…
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