Monday, November 14, 2011

Devon Beech Grove 68H-1 - Status

A recent Devon letter regarding TMS unitization states that the Beech Grove well is "currently being flowed back for cleanup at a rate of 120 bopd and 312 bwpd".  This is consistent with information available on SONRIS.  With continued flowback, the oil rate should increase along with a decreasing water rate.

As with all shale plays, the economic viability of this play will not be known until a years worth of production has been observed from 10-20 wells.  Initial rates, pressures, yields, and first year decline rates will be key variables.

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