August 19, 2017 1:02 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Seven Generations Energy Ltd.

Company Overview

Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 544,000 net acres located in the Kakwa area of northwest Alberta. As of December 31, 2016, it had gross proved plus probable reserves of 1,535 million barrels of oil equivalent. Seven Generations Energy Ltd. was founded in 2001 and is headquartered in Calgary, Canada.

4400, 525 – 8 Avenue S.W.

Eighth Avenue Place East

Calgary, AB T2P 1G1

Canada

Founded in 2001

142 Employees

Phone:

403-718-0700

Fax:

403-532-8020

Key Executives for Seven Generations Energy Ltd.

CEO, President & Director
Age: 56
Total Annual Compensation: C$400.0K
Chief Financial Officer
Total Annual Compensation: C$321.3K
Chief Operating Officer
Total Annual Compensation: C$285.0K
Senior Vice President
Total Annual Compensation: C$45.1K
Vice President of Drilling
Total Annual Compensation: C$275.6K
Compensation as of Fiscal Year 2016.

Seven Generations Energy Ltd. Key Developments

Seven Generations Energy Ltd. Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Capital Investment and Production Guidance for the Year 2017

Seven Generations Energy Ltd. reported earnings and production results for the second quarter and six months ended June 30, 2017. For the quarter, liquids and natural gas revenue was $505.1 million against $287.4 million a year ago. Operating income was $59.5 million or $0.16 per diluted share against $56.0 million or $0.19 per diluted share a year ago. Net income for the period was $178.1 million or $0.49 per diluted share against net loss of $57.5 million or $0.21 per diluted share a year ago. Funds from operations were $268.1 million or $0.73 per diluted share against $197.5 million or $0.66 per diluted share a year ago. Cash provided by operating activities was $193.9 million against $152.2 million a year ago. Capital investments were $512.5 million against $219.3 million a year ago. For the six months, liquids and natural gas revenue was $994.4 million against $475.4 million a year ago. Operating income was $133.6 million or $0.37 per diluted share against $65.4 million or $0.23 per diluted share a year ago. Net income for the period was $393.3 million or $1.08 per diluted share against $81.0 million or $0.28 per diluted share a year ago. Funds from operations were $540.4 million or $1.48 per diluted share against $308.2 million or $1.07 per diluted share a year ago. Cash provided by operating activities was $529.6 million against $296.7 million a year ago. Capital investments were $874.8 million against $486.5 million a year ago. Net debt as at June 30, 2017 was $1,797.2 million against $1,020.1 million a year ago. For the quarter, the company reported total production of 165.2 mboe/d against 117.4 mboe/d a year ago. NGLs production was 42.8 mbbl/d against 30.2 mbbl/d a year ago. Natural gas production was 409.6 mbbl/d against 290.1 mbbl/d a year ago. For the six months, the company reported total production of 159.2 mboe/d against 102.9 mboe/d a year ago. NGLs production was 42.5 mbbl/d against 26.4 mbbl/d a year ago. Natural gas production was 397.1 mbbl/d against 257.5 mbbl/d a year ago. The company’s $1.5 billion to $1.6 billion capital program in 2017 includes funding for engineering and initial construction of a third wholly-owned natural gas processing facility, located at the north end of company’s Kakwa lands. The company’s 2017 production guidance is 175,000 to 180,000 boe/d, 55% to 60% of which is expected to be composed of liquids.

Seven Generations Energy Ltd., Q2 2017 Earnings Call, Aug 03, 2017

Seven Generations Energy Ltd., Q2 2017 Earnings Call, Aug 03, 2017

Seven Generations Energy Ltd. to Report Q2, 2017 Results on Aug 03, 2017

Seven Generations Energy Ltd. announced that they will report Q2, 2017 results at 5:00 PM, GMT Standard Time on Aug 03, 2017

Similar Private Companies By Industry

Company Name Region
0770728 BC Ltd. Americas
0893624 B.C. Ltd. Americas
101047025 Saskatchewan Ltd. Americas
1089814 Alberta Ltd. Americas
1211115 Alberta Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 19, 2016
Steelhead LNG Corp.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Seven Generations Energy Ltd., please visit www.7genergy.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.