Wednesday, November 7, 2012

Devon Provides A Play Update

Devon provided this update on the TMS Play today:


"In the Tuscaloosa Marine Shale, we tied in our third and fourth wells in the northern portion of our acreage position during the third quarter. The Murphy 63H located in West Louisiana parish had an average 30-day IP rate of 260 barrels of oil per day from a 4,700 foot lateral. Roughly 40 miles to the east in Tangipahoa Parish, the Thomas 38H was brought online and had a 30-day IP rate of 470 barrels of oil per day from a 4,900 foot lateral. We would need to see improvements in both cost and recoveries to make this an attractive play going forward."

Entire transcript:

2 comments:

  1. Do you know if Devon has let any of its TMS leases expire and if so, has anyone picked the acreage up.

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  2. FM,
    I hear that they are letting some leases expire. I do not know if anyone has leased them.

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