Building Momentum In The Stack: Devon Energy's five-well-per-section spacing pilot in the over-pressured Upper Meramec window came online with 1,400 boe/d per well, 60% light oil, and indications were that even tighter spacing may be possible. Here's a look at its leasehold, results and exploitation forecast for surfacing the Stack's resources.
- Tony Vaughn, COO of Devon Energy Corp.
Recommended Reading
Cenovus Energy to Buy Remaining Stake in Ohio Refinery for $300 Million
2022-08-08 - Calgary, Alberta-based Cenovus Energy has owned 50% of the refinery since its combination with Husky Energy in 2021.
Continental Resources Promotes Doug Lawler to President, COO
2022-08-18 - Doug Lawler joined Continental Resources in February as COO and executive vice president following three decades in the oil and gas industry.
Equinor Sees Q2 Gas Derivatives Gain of up to $550 Million
2022-07-07 - In the second quarter, Norway’s Equinor sees a positive impact of $400 million to $550 million from trade in natural gas derivatives used to hedge its physical deliveries.
UK Oil Sector Secures Changes to Windfall Tax, Seeks More amid Government Chaos
2022-07-07 - Oil and gas companies said the tax would lead to shrinking investment and, ultimately, less domestic production to underpin Britain’s energy security.
Shell Gets $1 Billion Refining Boost, Upgrades Oil and Gas Assets
2022-07-07 - The upgrade will result in post-tax impairment reversals of $3.5 billion to $4.5 billion. Shell wrote down more than $22 billion in 2020 when the pandemic led to an oil price collapse.