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Seven Generations switching to maintenance mode for ‘19
Seven Generations Energy will cut its 2019 capex by nearly 28% while holding production essentially unchanged from 2018. In an operational update, the company said it approved a 2019 capex budget of $1.25 billion, down about $500 million from the 2018 capex budget. The bulk of the company’s 2019 capex is maintenance capital.Seven Generations projected its 2019 production to be of 200,000-205,000 boe/d (58-60% liquids), on par with the expected 2018 production of ~202,000......
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