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Seven Generations to Drill 110 Wells in 2017, Shifts to Slickwater
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Seven Generations Energy Ltd. has outlined 2016 production and drilling results.
2016Production and Drilling
Production is estimated to have averaged 117,500 boe/d for 2016. This production level is about 2 percent below 7G's previous 2016 guidance of 120,000 - 125,000 boe/d, Capital investments are expected to be more than 5 percent below the low end of 2016 capital guidance. Added 60 new producing wells during 2016, including five new wells brought online in late December, compared to the planned addition of 67 wells. With the completion and tie-in of the 2016 delayed wells pushed into 2017, 7G has a large inventory of in-process wells. As of January 1, 2017, 7G had 84 wells in various stages of drilling, completions and tie-in. 2017 Drilling With 10 rigs now running, 7G plans to…- ✓ Full news archive — U.S., Canada & international coverage
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