Devon Energy

Website

Address

333 West Sheridan Avenue
Oklahoma City, Oklahoma 73102-5015

Phone

405-235-3611

Company Description

Devon Energy Corporation is a leading independent oil and natural gas exploration and production company. Devon’s operations are focused onshore in the United States.

Devon Energy Corporation ranks #7 in wells drilled in 2022 with 281 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.

Devon Energy ranks #12 in air permits approved in 2022 with 39 permits in Texas.

Operations

Devon Energy Areas of Operation

Delaware Basin

Lea County, NM ranks #1 in the state for BOE produced in the most recent month (Jul 2022). The information below is the summary of oil and gas data that goes back to 1973 and contains information on the 17,670 wells that have been drilled from Jul 1973 to Jul 2022.

Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Jul 2022). The information below is the summary of oil and gas data that goes back to 1973 and contains information on the 14,166 wells that have been drilled from Jul 1973 to Jul 2022.

Loving County, TX ranks #4 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 4,765 wells that have been drilled from Jan 1993 to Jun 2022.

Eagle Ford

Karnes County, TX ranks #6 in the state for BOE produced in the most recent month (Aug 2022). The information below is the summary of oil and gas data that goes back to 2023 and contains information on the 0 wells that have been drilled from N/A to Aug 2022.

Oklahoma

Dunn County, ND ranks #2 in the state for BOE produced in the most recent month (Nov 2022). The information below is the summary of oil and gas data that goes back to 1959 and contains information on the 3,719 wells that have been drilled from Oct 1959 to Nov 2022.

Canadian County, OK ranks #2 in the state for BOE produced in the most recent month (Jul 2022). The information below is the summary of oil and gas data that goes back to 1990 and contains information on the 5,366 wells that have been drilled from Jul 1990 to Jul 2022.

Permit Download Center

Devon Energy Wells Drilled

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Devon Energy Drilling Rigs 2023

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Devon Energy Texas Air Permits

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Devon Energy Well Permit Summary

Devon Energy Operations Map

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Devon Energy Q1 2023 Update

Devon Energy spud 105 wells and operated 22 drilling rigs in Q1 2023.

Delaware Basin: Production increased 5 percent year over year to an average of 415,000 Boe per day (51 percent oil). During the quarter, Devon operated 16 rigs and 4 completion crews, resulting in 42 gross wells placed online across the company’s 400,000 net acres in the basin.

Eagle Ford: Production averaged 68,000 Boe per day (59 percent oil), a 90 percent increase in production compared to the year-ago quarter. This volume growth was driven by the Validus acquisition and the commencement of 26 gross wells to first production. Over the remainder of 2023, Devon plans to place online an additional 65 infill wells and execute up to 10 refracs across its 82,000 net acre position.

Anadarko Basin: Production increased by 5 percent from the previous quarter to an average of 81,000 Boe per day (49 percent gas). In the first quarter, Devon placed 7 wells online and spud 19 new wells supported by a $100 million drilling carry with Dow. The top well result for the quarter was the Hornet 9 16-14N 2HX, targeting the Meramec formation, that achieved a 30- day rate of 4,000 Boe per day (57 percent liquids). In 2023, the company expects to spud up to 40 new wells in this basin.

Williston Basin: Production averaged 53,000 Boe per day (67 percent oil), a 10 percent increase year over year. First quarter results were highlighted by the 4-well Palo Pinto project that achieved average 30-day rates of 2,900 Boe per day.

Powder River Basin: Production increased 7 percent year-over-year to an average of 19,000 Boe per day (75 percent oil). This growth was primarily driven by successful Niobrara appraisal and Parkman development work over the past year. The company possesses 300,000 net acres in the oil fairway of this emerging resource opportunity.

For the full-year 2023, Devon has not made any modifications to its previously announced plan to sustain production in the range of 643,000 to 663,000 Boe per day. Additionally, total capital investment for the year remains at an expected range of $3.6 billion to $3.8 billion. These capital requirements in 2023 are estimated to be self-funded at pricing levels as low as a $40 WTI oil price.