Devon Energy reports record STACK well, reaching 6,000 boed

7/11/2017

OKLAHOMA CITY -- Devon Energy Corp. has announced that it has brought online a record-setting Meramec well and commenced production on several high-rate wells in the core of the over-pressured oil window of the STACK play during the second quarter of 2017.

The record-setting Privott 17-H well was brought online in southwest Kingfisher County and achieved a facility-constrained peak 24-hr rate of 6,000 boed (50% oil). When compared against publicly available data in the STACK, the Privott well achieved the highest initial production rate of any well by a wide margin and is expected to recover in excess of 2 MMboe over the life of the well.

The Privott 17-H well was drilled with a 10,000-ft lateral and landed in the upper Meramec interval near the company’s Showboat development, which will spud in the third quarter. A key contributor to this prolific well result was an improvement in stimulated rock volume around the wellbore through a new proprietary completion design.

Devon also brought online four additional high-rate Meramec wells in the core of the over-pressured oil window during the second quarter that benefitted from the company’s recently enhanced completion design. In aggregate, these four wells attained an average 30-day initial production rate of 2,000 boed. These well results were even more impressive on a per-lateral-foot basis with average well productivity of greater than 300 boed per 1,000 ft of gross perforated interval.

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