Operator · Cardium Shale, Duvernay Shale & Montney Shale
Seven Generations Energy Ltd
36 articles mentioning Seven Generations Energy Ltd · Page 1 of 2
ARC Resources, 7Gen Seal $8.1B Merger Deal
ARC Resources Ltd. has sealed its $8.1 billion acquisition of Seven Generations Energy. ARC is now Canada’s largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company. Portfolio As the largest pure-play Montney producer,...
Shareholders of Arc, 7Gen Approve Pending Merger Deal
Shareholdres of both ARC Resources Ltd. and Seven Generations Energy Ltd. have voted in approval of the merger deal between the two companies. The Business Combination is expected to be completed on or about April 6,...
After Unveiling $8.1B Merger Plan, ARC Resources, 7Gen ID 2021 Capex
Upon announcing a $8.1 million merger deal on February 11, ARC Resources Ltd. and Seven Generations Energy Ltd. have detailed their pro forma 2021 capital plan. 2021 Plan Details Capex: $1.0-1.1 billion This is flat from...
7Gen Cuts Capex 12% for 2020; 'Maintenance' Production, Montney Focus
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...
7Gen Touts First 'Triple-Stacked Pad' in the Montney; Talks Q2 Results
Seven Generations Energy reported its Q2 2019 results. The company highlighted its results in the lower Montney, where it has found a third layer to develop. Highlights: 7G’s cash provided by operating activities totaled $422 million....
7Gen Details Q1 2019 Results
Seven Generations Energy reported its Q1 2019 results. Highlights: 7G’s market access initiatives, coupled with a stronger condensate price environment and improved operating costs, led to adjusted funds flow of $339 million or $0.95 per share...
Montney Operator Cuts 2019 Spending by 30%
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...
7Gen Cuts D&C Costs -7% in Q3 to $11MM; Production Up +39%
Seven Generations reported its Q3 2017 results. D&C Costs Down Drilling Cost Down -5% QOQ: 7G’s average drilling cost per well was $4 million in the third quarter of 2017, down from $4.2 million in the...
Seven Gen Reduced D&C Cost ~$0.8MM in Q3; Ties Increased Well Productivity to More Stages
Seven Generations released its Q3 results where it discussed highlights from the quarter and its intent to announce 2018 plans in middle November. Highlights include: Operations SevenGen ran 7 rigs in Q3 and drilled 18 wells,...
Seven Gen Touts Strong Well Results in Q2; Record Production
7Gen reported its Q2 2017 results. Highlights include: Q2 production was 165,200 BOEPD, record volumes that mark a 41% increase YOY Strong Condensate Wells Two wells drilled along the boundary between the Nest 2 and Nest...
Seven Generations Set to Meet 2017 Production Guidance
[Summary: Seven Generations set to meet 2017 production guidance. Its second quarter production averaged approximately 164,000 boe/d, and production growth is on track to meet 2017 production guidance of 180,000 to 190,000 boe/d, which would constitute...
7Gen Gets 27% Boost to Credit Facility; Up to $1.4 Billion
7Gen's lenders have agreed to increase the size of the company’s senior secured credit facility by about 27 percent...
Seven Generations Details CEO Succession Plan
Seven Generations has approved a CEO transition plan upon the retirement of Pat Carlson.
Seven Generations to Drill 110 Wells in 2017, Shifts to Slickwater
With 10 rigs now running, 7G plans to drill 100 - 110 wells in 2017
Montney Operator Ups 2017 Capex to $1.6B; Up Over 50% YOY
The company invested less than $1 billion in its 2016 capital program...
Eight (8) Canada E&Ps; to Drill 500 Wells in 2017
So far in 2016, 8 major drillers in the Montney Shale have announced expanded drilling programs for 2017.
Seven Generations to Cut 50% of Rigs as Production Leaps 82% YOY
Seven Generations delivered record production of 88,525 barrels of oil equivalent per day (boe/d) in the first quarter of 2016, up 82 per cent from the same period one year earlier.
Seven Generations' 58 Completions 2015 Boost Production
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.
Seven Generations Announces $300MM Private Placement
This financing with a syndicate of underwriters is being co-led by Peters & Co. Limited and RBC Capital Markets.
Seven Generations Chops $200 Million From Recently Announced 2016 Plans
Despite this deferral, 7G maintains 2016 production guidance of between 100,000 and 110,000 barrels of oil equivalent per day.