Well Cost | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Well Spacing | IP Rates-30-Day | Initial Production Rates | Drilling Activity | Drilling Program-Rig Count
Devon Touts STACK / Bone Spring IPs; Talks 2018 Development Plans
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Devon reported its Q3 2017 results. Highlights from its call / release include:
Q3 net production of 527,000 BOEPD 19 development rigs running - plans to increase rig count to 20 by year-end Strong Well Results Across Plays50 high-rate wells brought online with average rates exceeding 2,100 Boe per day.
STACK / Meramec
Delaware Basin
Four new Bone Spring wells that logged IP30s of 1,750 BOEPD (75% oil)Testing 19 wells per section at Anaconda Project (Leonard Shale). According to Devon's presentation and call, this project has generated a savings of $1 million per well.
COO Tony Vaughn commented: "We were able to reduce cost some 20% on a per-well basis just through the efficiency gains from these…- ✓ Full news archive — U.S., Canada & international coverage
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