More wells have been completed in Oklahoma’s STACK play including a Devon Energy well producing nearly 1,400 barrels of oil a day and two Jones Energy wells with combined production of nearly the same amount.
Devon’s Fleenor 8_5-15n-10w 2hx was drilled at a site at 7 15n 10W or about six miles southeast of Watonga. It had production of 1,376 barrels of oil a day and 2,912 Mcf of natural gas when completed at a depth of 21,019 feet in the Mississippi formation. The well had a February 2019 spud date and drilling finished in March while completion was made in June 2019.
Devon Energy also had three sister wells completed in Canadian County at 6 14N 9W, a site about 8 miles northeast of Geary. The first of the MI6-7-14n-9w wells had production of 215 barrels of oil a day and 4,186 Mcf of natural gas. Its spud date was October 2018 and completion was made in April 2019 at a depth of 21,2005 feet in the Mississippi formation.
The second well had production of 300 barrels of oil a day and 4,984 Mcf of gas from a depth of 20,953 feet. The spud date was also in October 2018 with completion made in April 2019.
The last of the three Devon wells drilled on the single pad had production of 306 barrels of oil a day and 5,286 Mcf of natural gas. The well had a September 2018 spud date with completion also in April 2019.
Jones Energy LLC, now a subsidiary of Revolution Resources following a January 2020 acquisition after Jones emerged from bankruptcy, reported two Canadian County mother-daughter wells in El Reno.
The Phoenix 7-12-7 wells had combined production of 1,368 barrels of oil a day from the Mississippi formation at 6 12N 7W, a site in the northwest side of the city. The two Jones Energy wells had spud dates in June of 2019 and drilling on each ended in July followed by completions in October 2019.
The first well had production of 670 barrels of oil a day and 3,052 Mcf of natural gas from a depth of 15,600 feet, according to its completion report.
The second Phoenix well, according to its completion report, had production of 698 barrels of oil a day and 3,890 Mcf of natural gas from a depth of 15,533 feet.
Jones Energy was founded by former CEO Jonny Jones and had a long history in the Anadarko and Arkoma basins of Texas and Oklahoma before it merged with private equity-backed Revolution Resources.
Jones Energy had agreed to the $201.5 million cash buyout in early December, about six months after the Austin, Texas-based company exited bankruptcy.
Meanwhile, Marathon Oil is planning two Grady County wells at a site several miles north of the town of Alex. Permits to drill issued this past week by the Oklahoma Corporation Commission show each is to be drilled at the same site. One is the Brand 0605 #2-18-30WXH while the second is the Nekiah 0605 #2-18-19MXH.
The permits were issued even after the Houston-based company announced in early March it would immediately cut its 2020 capital spending budget by at least $500 million. Its 2020 spending budget was already 11 percent down from the firm’s 2019 capital expenditure of $2.59 billion.
