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WS - Devon Energy’s Q1 in PRB highlighted by Teapot & Niobrara - May 19, 2020
Devon Energy’s Powder River Basin production grew 7% sequentially in Q1 to 29,000 boe/d (74% oil). The company averaged three rigs and one frac crew during the quarter, resulting in the spudding of 12 operated wells and the tie-in of 14 wells, with laterals averaging 9,100 ft and initial 30-day rates of 1,200 boe/d. Q1 development activity was highlighted by four wells targeting the Teapot formation in the Atlas East area of Converse County,......
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