Playbooks Supplements

Unconventional Yearbook 2018

Issue link: http://yearbook.epmag.com/i/915048

Contents of this Issue

Navigation

Page 27 of 107

26 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS In August 2017 the company signed two agree- ments with undisclosed buyers to sell 6,590 net acres of noncore leasehold in the oil window of the Stack in northern Blaine County, Okla., for $72.5 million, and 26,000 net acres of leasehold in the Arkoma Basin in Atoka, Coal, Hughes and Pittsburg counties, Okla., for $68 million, the second-quarter 2017 report stated. The leaseholds are nonstrategic and include minimal proved reserves, according to the company. In October 2017 Continental Resources reported its fi rst-ever sale of Bakken oil for delivery overseas to China. The company sold more than 1 MMbbl of Bakken crude oil for November delivery to Atlantic Trading and Marketing, a press release stated. Devon Energy ■ Focused capital program in the Stack and Delaware Basin ■ U.S. resources plays averaged 412,000 boe/d in the second quarter Devon Energy's U.S. operations include the Stack, Delaware Basin, Eagle Ford Shale, Barnett Shale and the Rockies. In the second quarter Devon's U.S. resources plays averaged 412,000 boe/d, according to the company's second-quarter 2017 report. In the Delaware Basin the company reported year-end 2016 production of 60 Mboe/d (74% liq- uids) and reserves of 108 MMboe (75% liquids), according to Devon's website. In addition, in the Stack the company reported year-end 2016 pro- duction of 93 Mboe/d (48% liquids) and reserves of 393 MMboe (47% liquids). In the company's second-quarter 2017 report it stated, "Recent drilling activity from the company's U.S. opera- tions was highlighted by nine high-rate develop- ment wells in the Stack and Delaware Basin that achieved initial 30-day rates averaging nearly 2,000 boe per day." Additionally, Devon's Eagle Ford operations are located in DeWitt and Lavaca counties in Texas. The company reported year-end 2016 production of 76 Mboe/d (76% liquids) and reserves of 75 MMboe (76% liquids) in the Eagle Ford, according to Devon's website. In the Barnett Shale Devon reported year-end 2016 production of 169 Mboe/d (27% liquids) and reserves of 895 MMboe (25% liquids), according to the company. Devon's Rocky Mountain operations are focused on its oil opportunities in the Powder River Basin and the Wind River Basin. The company reported year-end 2016 production of 19 Mboe/d (79% liq- This Stack production site is located in Canadian County, Okla. (Photo courtesy of Devon Energy)

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks Supplements - Unconventional Yearbook 2018