DUG Midcontinent: Why Devon Energy is Betting on an Anadarko Basin Comeback

“The Anadarko Basin is making a comeback,” said Aaron Ketter, Devon Energy vice president, during a keynote address at DUG Midcontinent.

DUG Midcontinent: Why Devon Energy is Betting on an Anadarko Basin Comeback

Devon Energy’s Anadarko Basin position is located primarily in Oklahoma’s Canadian, Kingfisher and Blaine counties and is one of the largest in the industry. The company’s operations are currently focused in the oil-prone Meramec and the liquids-rich Cana-Woodford Shale. (Source: Hart Energy)

OKLAHOMA CITY—Devon Energy Corp. aims to use its Anadarko Basin position to fuel a robust cash return model and establish the company as an industry leader in promoting ESG.

“The Anadarko Basin is making a comeback,” said Aaron Ketter, a vice president at Devon Energy, during a keynote address at Hart Energy’s DUG Midcontinent conference and exhibition on March 2.

“Rig count’s up roughly 180%, productivity per rig is up,” continued Ketter, who oversees Devon’s Midcontinent and South Texas business unit. “It’s driven by technology improvements, longer laterals optimized completions. We're very excited about the Anadarko Basin. While others are getting reacquainted with this basin, we’ve been here, and we plan to continue to be here, and we plan to follow through on the 300,000 net acres that we have in this basis.”

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Madison Ratcliff

Madison Ratcliff is an associate editor for Hart Energy's editorial team.