Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott 17-H, produced out of the Meramec in the STACK play. The well’s initial production rate is the highest of any STACK
CEO Hager: STACK is “the best emerging development play in North America” Devon’s STACK position has grown by more than 150,000 net acres in recent months Devon Energy (ticker: DVN) has secured the strongest foothold in the Cana-Woodford, pro forma for its $1.9 billion acquisition of Felix Energy LLC on December 7, 2015. Rumors of the impending cash-and-stock exchange were
Sources Say Deal for Felix Energy LLC would be for about $2 Billion, Including Debt Devon Energy (ticker: DVN) is in pursuit of privately held Felix Energy LLC, according to a report from Reuters on December 3, 2015. Devon supposedly made a cash-and-stock offer to EnCap Investments LP, the financier of Denver-based Felix. EnCap is a mainstay on the oil
