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Seven Generations' 58 Completions 2015 Boost Production
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Seven Generations Energy Ltd. achieved record production of 60,403 barrels of oil equivalent per day (boe/d) in 2015, slightly more than 7G's guidance range of 55,000 to 60,000 boe/d, and up 94 percent from 2014.
Highlights: During 2015, Seven Generations' 83-drilled and 58-completed wellsDespite a 43 percent year-over-year drop in commodity prices, 2015 funds from operations remained robust at $415 million, up 26 percent compared to 2014. 7G production finished strong in 2015, with fourth quarter production rising to average 77,699 boe/d, up 76 percent compared to a year earlier and up 28 per cent from the third quarter of 2015. Capital investment in 2015 was $1.31 billion, which was at the low end of 7G's guidance range of $1.30 billion to $1.35 billion.
Marty Proctor, 7G's President…
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