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Devon's Eagle Ford Strategy By the Numbers: Frac Stages, Proppant & More

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   |    Friday,April 11,2014

Shale Experts has taken a detailed look at Devon Energy and GeoSouthern's frac program in the Eagle Ford. Devon highlighted the program in its Investor Day presentation released on April 8th, 2014.

Related: Shale Experts Dishes on Conoco's Eagle Ford Frac Design, Strategy

Currently, Devon holds 82,000 net acres in the Eagle Ford (50% working interest; 38% net revenue interest). The company's assets were significantly boosted this year through an asset deal with GeoSouthern. For 2014, the company plans to devote $1.1 billion to drill approximately 200 wells.

Devon Energy Corporation/GeoSouthern

Frac Stages: 22

Lateral: 6000

Pressure Pumper: Baker-Hughes

DeWitt County:

  • TVD: 11,500'- 13,000'
  • Water Volume: 3 – 5 MM Gallons
  • Proppant Type: Sand White 20/40, Sand White 30/50
  • Frac Type: Lgel/CL

Gonzales County

  • TVD: 10,000'-12,000'
  • Water Volume: 5 – 6 MM Gallons
  • Proppant Type: Sand White 30/50, Sand White 20/40
  • Frac Type: Lgel/CL

Devon/Geosouthern seem to have developed a standardized approach in their Eagle Ford Wells, though using almost twice as much water volume in Gonzales County.  Notably they do not use slickwater in their frac design.

The company has considerably derisked its Eagle Ford assets and boasts approximately 1,200 drilling locations.

Related Links: ConocoPhillips : Gel and Slickwater Drives Eagle Ford Growth 

Starting in 2014, Devon expects production CAGR to exceed 30% through 2017.

 


2024 Development Plan



Category
2023		 2024
Est. Initial		 Updated
2024 Guidance		 %Difference
(2023 vs 2024)
Total Capital Expenditure($mm)

      
Production Daily Equivalent(boe/d)
Production Oil(bbls/d)

 Click here for More Planned 2024 Activity


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