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Devon Energy Announces Successful STACK Spacing Test and Record-Setting Oil Well

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today it has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play.

“The Alma spacing pilot and record-setting Pony Express oil well are examples of the excellent results we are achieving in the Meramec formation, which has quickly evolved into the best emerging development play in North America”

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The Alma spacing pilot tested five wells per section across a single interval in the upper Meramec, delivering 30-day production rates averaging 1,400 oil-equivalent barrels (Boe) per day per well, of which 60 percent was light oil. In addition to the strong initial-production rates, early flow-back results from the Alma pilot indicate minimal interference between wells, suggesting potential for tighter spacing in the over-pressured oil window. The Alma wells were drilled with 5,000-foot laterals and were conservatively brought online with a 12/64-inch choke and gradually increased to a 20/64-inch choke.

The Company also recently brought online a record-setting oil well in the over-pressured oil window in southwest Kingfisher County. The Pony Express 27-1H was drilled with a 5,000-foot lateral and achieved a 30-day average rate of 2,100 Boe per day, consisting of 1,500 barrels of oil per day, or 70 percent of the production mix. Oil productivity from the Pony Express is the highest of any Meramec well drilled to date in the play on a per lateral foot...