Devon Energy enters the play

Apparently, they have started leasing in Wayne, Medina, and Ashland counties.  They are using Quebec Energy, a Canadian subsidiary.  An interesting development, given their pedigree. They INVENTED hydraulic fracturing.

 

 

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Replies to This Discussion

Permalink Reply by Marc on June 27, 2011 at 12:45pm
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on June 27, 2011 at 2:22pm
Quebec isn't from Canada, they're from Dubai via Denver.  And I heard that Devon fired them.
Permalink Reply by Marc on June 28, 2011 at 1:21am
Perhaps. But not according to this source.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on June 28, 2011 at 9:52am
I think the source may be incorrect. I know that Devon has been leasing in those counties for a few months now. I also know that they pulled out of Ashland because landowners wanted bigger dollars than were reasonably possible.  Devon in Ashland, Wayne and Medina is sort of old news.
Permalink Reply by Marc on June 28, 2011 at 11:11am
Yeah, there's a lot of old news on here.  Perhaps I'm guilty this time.  You sound like someone who has more timely sources than your average Ohio landowner.  Where did you hear they pulled-out of Ashland, out of curiosity?
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on June 29, 2011 at 9:39pm
I know a guy, we'll leave it at that. I'm told that Ashland landowners want too much money up front and Devon is happy to simply buy out the producers and use that land in the meantime. Smart play by them.
Permalink Reply by Marc on July 1, 2011 at 9:38am
Everybody's favorite source - "a guy".  Since my interest in Ashland county has its limits, I'll leave it at that too.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 6, 2011 at 9:23pm
Weird how secretive this business can be, right?
Permalink Reply by Marc on July 7, 2011 at 7:43pm
And who is worth listening to on a message board...
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 7, 2011 at 10:54pm
I mean, the anonymity factor makes it hard to spell out to people exactly what one knows and how one knows it. As with everything else in life this will play out at its own pace.
Permalink Reply by Benjamin Kelly on June 27, 2011 at 9:08pm

 

Also, Devon Energy did not invent hydraulic fracturing. 

Permalink Reply by Craig on July 4, 2011 at 6:48pm

Devon BOUGHT the company that cracked the code for hydraulic fracturing of shales - they did not invent hydraulic fracturing, it has been around a long time before, just not used effectively in shales until Mitchell went broke a few times trying to do it on the Barnett Shale in Texas.  Devon bouht Mitchell.

 

 

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