Quarterly / Earnings Reports | Third Quarter (3Q) Update | Key Wells | IP Rates-30-Day | Initial Production Rates | Capital Expenditure - 2019
Devon Details Preliminary 2019 Plans by Play; Touts IP90s of 3,100 BOEPD in the STACK
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Devon Energy reported its Q3 2018 results as well as a preliminary look at its 2019 plans.
2019 Plans - Up 11% from 2018; Talks Plans by Play Devon has earmarked a preliminary 2019 capex of $2.4-2.7 billion (this is up +11% at the midpoint compared to 2018).In its Q3 presentation, Devon also detailed its plans by play for 2019 including:
STACK:
Capex: $500-700 million Well Plans: Bring 70-90 wells online (4-8 wells per drilling unit) Production: 135-140 MBOEPDPowder River Basin:
Rigs: Four running by early 2019 Well Activity: 45-50 wells planned (35 Turner Wells / ~10 Niobrara test wells) Capex: No number provided but did underscore "acceleration of capital activity"Delaware Basin:
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