Completion reports filed for August 6, 2019.
Bce-mach Llc
Mississippian(5215): Oil 75 Gas 288 Water 657 Gaslift
6 27N 11W Scott 6-27-11 2h, November 09, 2018
HH, OIL, TD: 10140 ft
Lat: 36.84140, Long: -98.42510 API: 35003233350000
Bce-mach Llc
Mississippian(5225): Oil 348 Gas 2518 Water 1505 Gaslift
29 27N 10W Lodge 29-27-10 2h, November 08, 2018
HH, OIL, TD: 10151 ft
Lat: 36.79649, Long: -98.29737 API: 35003233380000
Bce-mach Llc
Mississippian(5288): Oil 274 Gas 848 Water 1320 Gaslift
25 27N 11W Scribner 36-27-11 2h, January 06, 2019
HH, OIL, TD: 10640 ft
Lat: 36.78302, Long: -98.33227 API: 35003233500000
Bce-mach Llc
Mississippian(5419): Oil 121 Gas 121 Water 1333 Gaslift
8 26N 11W Hadwiger 8-26-11 3h, November 28, 2018
HH, OIL, TD: 10225 ft
Lat: 36.75283, Long: -98.40754 API: 35003233460000
Bce-mach Llc
Mississippian(5496): Oil 175 Gas 1994 Water 3305 Gaslift
26 26N 11W Bucklyn 23-26-11 2h, October 10, 2018
HH, OIL, TD: 10815 ft
Lat: 36.70959, Long: -98.34884 API: 35003233330000
Bce-mach Llc
Mississippian(5610): Oil 35 Gas 893 Water 2710 Gaslift
4 25N 10W Jett 33-26-10 2h, October 25, 2018
HH, GAS, TD: 10973 ft
Lat: 36.68030, Long: -98.28228 API: 35003233390000
Bce-mach Llc
Mississippian(5612): Oil 70 Gas 218 Water 547 Gaslift
33 26N 11W Porter 33-26-11 2h, November 27, 2018
HH, OIL, TD: 10510 ft
Lat: 36.69497, Long: -98.38406 API: 35003233450000
Bce-mach Llc
Mississippian(5620): Oil 85 Gas 629 Water 2135 Gaslift
29 26N 11W Roach 29-26-11 3h, January 11, 2019
HH, OIL, TD: 10470 ft
Lat: 36.69626, Long: -98.40102 API: 35003233510000
BLAINE COUNTY
Devon Energy Production Co Lp
Mississippi Solid(9703): Oil 652 Gas 2189 Water 322 Flow
36 16N 10W Morning Thunder 36-16n-10w 4h, May 02, 2019
HH, OIL, TD: 14779 ft
Lat: 35.81479, Long: -98.21088 API: 35011240770000
Devon Energy Production Co Lp
Mississippi Solid(9739): Oil 253 Gas 916 Water 249 Flow
36 16N 10W Morning Thunder 36-16n-10w 3h, May 02, 2019
HH, OIL, TD: 14887 ft
Lat: 35.81479, Long: -98.21098 API: 35011240760000
Devon Energy Production Co Lp
Mississippi Solid(9759): Oil 345 Gas 1013 Water 183 Flow
36 16N 10W Morning Thunder 36-16n-10w 2h, May 03, 2019
HH, OIL, TD: 14943 ft
Lat: 35.81479, Long: -98.21108 API: 35011240780000
Marathon Oil Company
Mississippi(10887): Oil 1212 Gas 2483 Water 2426 Flow
3 15N 11W Hr Potter 1511 4-3-34mxh, September 20, 2018
HH, OIL, TD: 21111 ft
Lat: 35.79816, Long: -98.36140 API: 35011239380000
CANADIAN COUNTY
Paloma Operating Co Inc
Mississippi(10822): Oil 720 Gas 6500 Water 1488 Flow
5 12N 8W This Guy 5-12n-8w 2mh, August 31, 2018
HH, OIL, TD: 15861 ft
Lat: 35.53773, Long: -98.07501 API: 35017252190000
Paloma Operating Co Inc
Woodford(11320): Oil 309 Gas 1931 Water 1535 Flow
22 12N 8W Crooked Nose 15-12n-8w 1wh, December 21, 2018
HH, OIL, TD: 15232 ft
Lat: 35.50606, Long: -98.04254 API: 35017252500000
GARVIN COUNTY
Casillas Operating Llc
Woodford(12670): Oil 276 Gas 2434 Water 965 Flow
33 4N 4W Prairie 1-33-28wxh, December 08, 2018
HH, OIL, TD: 19203 ft
Lat: 34.77661, Long: -97.63218 API: 35049252270001
Casillas Operating Llc
Woodford(9215): Oil 459 Gas 6246 Water 476 Flow
32 4N 3W Sierra 1-32-29wxh, November 11, 2018
HH, OIL, TD: 18468 ft
Lat: 34.76901, Long: -97.53135 API: 35049252180001
WOODS COUNTY
Bce-mach Llc
Mississippi Lime(4868): Oil 175 Gas 877 Water 1808 Gaslift
15 29N 13W Molz 15-29-13 2h, September 12, 2018
HH, OIL, TD: 9331 ft
Lat: 36.98693, Long: -98.59236 API: 35151245360000
Bce-mach Llc
Mississippi Lime(5324): Oil 90 Gas 85 Water 1111 Gaslift
9 27N 13W Miller 4-27-13 2h, December 12, 2018
HH, OIL, TD: 10438 ft
Lat: 36.84006, Long: -98.60967 API: 35151245480000
Bce-mach Llc
Mississippi Lime(5350): Oil 331 Gas 228 Water 581 Gaslift
8 27N 14W Mackey 8-27-14 2h, October 09, 2018
HH, OIL, TD: 10256 ft
Lat: 36.84041, Long: -98.72490 API: 35151245380000
Bce-mach Llc
Mississippi(5662): Oil 335 Gas 1586 Water 1498 Gaslift
12 28N 18W Hodgson 13-28-18 4h, October 27, 2018
HH, OIL, TD: 11009 ft
Lat: 36.91558, Long: -99.09270 API: 35151245420000
Bce-mach Llc
Mississippian(5101): Oil 54 Gas 402 Water 2218 Gaslift
25 28N 13W Sneary 25-28-13 2h, September 13, 2018
HH, OIL, TD: 10044 ft
Lat: 36.87034, Long: -98.54700 API: 35151245330000
Bce-mach Llc
Mississippian(5356): Oil 102 Gas 823 Water 2119 Gaslift
24 27N 13W Mwk Farms 13-27-13 2h, August 17, 2018
HH, OIL, TD: 10626 ft
Lat: 36.81119, Long: -98.55138 API: 35151245320000
Bce-mach Llc
Mississippian(5473): Oil 136 Gas 139 Water 1002 Gaslift
33 29N 17W Mackey Lee 33-29-17 2h, November 15, 2018
HH, OIL, TD: 10386 ft
Lat: 36.94377, Long: -99.04719 API: 35151245460000
In addition to strong production results, Devon maintained discipline and continued to achieve capital
efficiencies across its retained U.S. oil business. This success was reflected in the company’s secondquarter capital spending, which was 9 percent below midpoint guidance, or $478 million. The most
significant drilling and completion efficiencies were attained by the company’s Wolfcamp program in
the Delaware Basin and infill development activity in the STACK play.
Due to these positive operating trends, Devon is lowering its E&P capital investment expectations by
$50 million to a range of $1.8 billion to $1.9 billion in 2019. The reduced investment is driven primarily
by drilling and completion efficiencies realized year-to-date. In an effort to further optimize returns, the
company has also elected to reallocate approximately $50 million of STACK capital to the Delaware and
Powder River in the second half of 2019.
For additional details on Devon’s E&P operating results and outlook, please refer to the company’s
second-quarter 2019 operations report at www.devonenergy.com.
Divestiture Program Accelerates Value Creation
In late June, Devon completed the sale of its Canadian business for CAD $3.8 billion, or USD $2.8 billion. Devon
received net proceeds of USD $2.6 billion, after purchase-price adjustments associated with the sale. With the
sale of Canada, financial results for the company’s heavy-oil business are now presented as discontinued
operations in Devon’s consolidated financial statements.
To complete the company’s transformation to a high-return U.S. oil growth business, Devon continues to
advance the divestiture process for its Barnett Shale gas assets in north Texas. Data rooms for the Barnett
assets are currently open and initial bids are expected by the end of the third quarter.
Second-quarter production was highlighted by results from Devon’s retained U.S. oil business. Light-oil
production from these assets averaged 142,000 barrels per day, a 13 percent increase compared to the
second quarter of 2018. This result exceeded midpoint guidance by 5,000 barrels per day.
Within Devon’s diversified U.S. onshore portfolio, the strongest asset-level performance was achieved
by the company’s Delaware Basin operations in southeast New Mexico. Production from this world-class
play increased 58 percent year over year, driving volumes in the Delaware to 120,000 oil-equivalent
barrels (Boe) per day. A key growth driver was 28 new wells brought online in the state-line area that
averaged initial 30-day rates of approximately 2,100 Boe per day per well, of which 70 percent was oil.
Given the strong operational momentum achieved in the Delaware Basin, Devon is raising its 2019 U.S.
oil production outlook for the second time this year. The midpoint of the company’s updated guidance
represents an estimated oil growth rate of 19 percent compared to 2018, a 400-basis point
improvement compared to original budget expectations.