Devon's New Well Results, Analysis

Devon reported their first two horizontal Utica wells were "not encouraging". This from Q2 earnings call from late last week - http://seekingalpha.com/article/771211-devon-energy-management-disc...

Here's a good analysis of what it means for the rest of the Utica: http://thebiggestfairytale.com/2012/08/03/devons-utica-results-help...

Knox County is up next. Devon is still trying to test the oil widow.

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Permalink Reply by oil guy on August 6, 2012 at 12:40am

it seems they are investing alot of money on siesmic lines and the monitoring patches for them to hit another bust. Although it is very possible

Permalink Reply by Buell Well on August 6, 2012 at 7:39am
Me too. Sensibaugh 1H is dozens of miles south of Eichelberger 1H and Richman Farms 1H so there's no reason they would be the same necessarily.
Permalink Reply by dan gladyszewski on August 6, 2012 at 3:32pm

I hope this is true. My experience is that a lot of these rumors are true.

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