Sunday, September 7, 2025
Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy Brings in Two Monster Wells

Combined 24,000 BOEPD, two wells set a Delaware Basin record Devon Energy (ticker: DVN) said in its Q1 earnings release today that in the Delaware Basin, its new well activity was headlined by two massive Boundary Raider wells that achieved a combined 24-hour initial production rate of approximately 24,000 Boe per day (80 percent oil). Devon said the two wells

Highest Average Oil IP Rate in 2017 is Not in Texas

Type curves tell a story American oil production is setting new records, with February’s output of 10.3 million barrels per day breaking a 47-year record. With rig counts at about half of pre-downturn levels, current output has not come from simply brute force of the turning drill bit. Instead, the downturn forced companies to become more effective—generally meaning more efficient—and