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Seven Generations Energy Ltd. class A common shares T.VII

"Seven Generations Energy Ltd is an independent energy company focused on the acquisition, development, and optimization of high-quality, tight rock, natural gas resource plays. The company employs long-reach and horizontal drilling to produce resources of natural gas, condensate, and natural gas liquids. In addition to drilling operations, Seven Generations owns several gathering lines and processing facilities. The company depends on a skilled technical and business team to identify, capture,


TSX:VII - Post by User

Post by Specul8ron Dec 12, 2018 11:20pm
88 Views
Post# 29107474

Permian Decline Rates Increasing Faster than Expected

Permian Decline Rates Increasing Faster than Expectedhttps://www.worldoil.com/news/2018/10/9/decline-rates-from-maturing-oil-wells-in-the-permian-are-on-the-rise "Growth in the Permian has, in fact, been shrinking, down almost every month this year, while declines in older wells are trending higher, according to the U.S. Energy Information Administration. In October, the organizations data shows declines offsetting output by about 18%, compared with 4% at the start of the year." Does this mean 2019 production forecasts might be high? Rig count went down by 10 last week. Oil is anything but boring.
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