ARC Resources Ltd. is pleased to announce that it has closed its strategic Montney combination with Seven Generations Energy Ltd. to create the premier Montney producer and leader in responsible energy development. ARC is now Canada's largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company. This [...]
S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index: The shareholders of ARC Resources Ltd. and Seven Generations Energy Ltd. have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Seven Generations Energy Ltd. will be exchanged for 1.108 shares of ARC [...]
ARC Resources Ltd. and Seven Generations Energy Ltd. are pleased to announce that the shareholders of each company have voted in favour of the proposed business combination to create the premier Montney producer and leader in responsible energy development. The Business Combination is expected to be completed on or about April 6, 2021 and is [...]
Seven Generations Energy Ltd.Seven Generations Energy Ltd. today announced that it has issued notices of conditional redemption to holders for all of its outstanding 6.750% Senior Notes due 2023 at a redemption price of 100.000% plus accrued and unpaid interest, all of its outstanding 6.875% Senior Notes due 2023 at a redemption price of 101.719 [...]
ARC Resources Ltd. and Seven Generations Energy Ltd. announced today that they have filed a joint management information circular dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination to create the premier Montney producer and leader in responsible energy development. The meeting materials [...]
Seven Generations Energy Ltd. FOURTH QUARTER & FULL-YEAR 2020 HIGHLIGHTS Quarterly sales volumes averaged 190.1 Mboe/d , delivering full-year volumes of 183.9 Mboe/d in-line with the company's revised full-year 2020 budget. Fourth quarter funds flow of $275 million and capital investments of $126 million resulted in free cash flow of $149 million [...]
ARC Resources Ltd. and Seven Generations Energy Ltd. today announce a strategic combination of the two premier Montney producers. The combined company will continue to focus on significant free funds flow generation through a responsible and disciplined approach to development while creating superior and enduring value for all shareholders. The [...]
Seven Generations Energy Ltd.Seven Generations Energy Ltd. has issued a notice of partial redemption to holders of its 6.875% unsecured notes due 2023 to provide notice of its election to redeem US$180 million of the US$294 million aggregate principal amount currently outstanding on December 31, 2020 at a redemption price of 101.719% of the [...]
Seven Generations Energy Ltd. THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and on-budget, while mitigating the impact to production volumes. Third quarter sales volumes were 168.9 Mboe/d . October average field production estimates [...]
Seven Generations Energy Ltd. : “When the COVID-19 pandemic impacted the world in March, our 7G team rapidly adapted to a new way of working that prioritized the health and safety of our workforce. We also responded quickly and decisively to protect our balance sheet from the pandemic-related plunge in oil prices. With nearly 100% working interest [...]
The Oil & Gas Conference will host a number of panels addressing pressing issues in the energy industry Virtual attendance open to registrants globally Attendance fees will be waived for qualifying buyside attendees EnerCom, Inc. is pleased to announce that its 25th annual The Oil & Gas Conference will host a number of panels, in addition to its [...]
“This is an unprecedented time for our industry. The demand destruction associated with COVID-19 will take time to resolve. We must plan for an extended period of price weakness and make responsible decisions to best position our company for a rebalanced market. To ensure our financial resilience, we are further reducing our 2020 capital program by [...]
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