Drilling / Well Results | Key Wells | Initial Production Rates | Capital Markets | Capital Expenditure
Devon Hits the Gas in the STACK; 4,700' Laterals, 35 Frac Stages
Print
|
Devon Energy Corp. has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK.
Pump House
Pump House Spacing Pilot - Kingfisher County:
Initial 15-day production rates averaged 2,200 oil-equivalent barrels (Boe) per day per well (55 percent oil) Well Cost: $6.0 MM 4,700-foot laterals 2,200 pounds of proppant per lateral foot 35 frac stages with perf clusters spaced 25 feet apart Additional Pilot Tests , More Rigs: To determine the optimal spacing approach for the stacked-pay intervals in the Meramec, the Company is participating in more than 10 additional spacing pilots during the remainder of 2016. Devon is adding as many as four operated rigs…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Mid-Continent - Anadarko Basin News
Comstock to Acquire Assets from Ovation Energy For $62.5 Million
Comstock Resources agreed to acquire substantially all of the assets of Ovation Energy, L.P. for $62.5 million, expanding its producing footprint across multiple U.S. natural gas basins. The…
Devon Energy Corp. First Quarter 2023 Results
Devon Energy Corp., announced first quarter 2023 results. Highlights Oil production reached an all-time high of 320,000 barrels per day in the first quarter Capital activity headlined by…
SandRidge Energy, Inc., First Quarter 2023 Results
SandRidge Energy, Inc., announced first quarter 2023 results. Highlights First quarter net income was $23.8 million, or $0.64 per basic share. Adjusted net income(1) was $25.7 million, or…
PHX Minerals Inc., First Quarter 2023 Results
PHX Minerals Inc., announced first quarter 2023 results. Highlights Net income was $9.6 million, or $0.27 per share, compared to net income of $3.3 million, or $0.09 per…
Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…