Seven Generations reported 1Q16 results that came in slightly ahead of our expectation on a production basis, but well ahead on a cash flow basis due to higher liquids weighting, stronger realized pricing and lower than forecast controllable cash costs. Higher realized pricing in the quarter relative to our estimate was driven partly by the Company’s transportation arrangement on the Alliance system, for which we saw a full quarter of impact in 1Q16. As a result of this, we have adjusted price r ....
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Announces 1Q16 Results
- Published:
05 May 2016 -
Author:
Cody R. Kwong -
Pages:
7
Seven Generations reported 1Q16 results that came in slightly ahead of our expectation on a production basis, but well ahead on a cash flow basis due to higher liquids weighting, stronger realized pricing and lower than forecast controllable cash costs. Higher realized pricing in the quarter relative to our estimate was driven partly by the Company’s transportation arrangement on the Alliance system, for which we saw a full quarter of impact in 1Q16. As a result of this, we have adjusted price r ....