"Panolo" County... I know, it's a typo.

September 15, 2009

Devon Energy Discusses The Haynesville Shale - Part One
Devon Energy (DVN) made the following comments regarding its operations in the Haynesville Shale during its second quarter of 2009 conference call held on August 5, 2009:

Haynesville Acreage

“Shifting to the Haynesville shale in East Texas, last quarter we told you about our 110,000 net acres in our greater Carthage area. With numerous cores, 3-D seismic, geologic mapping and correlation with our wells drilled to date, we have now substantially derisked 74,000 of the 110,000 net acres.”

Recent Completions

“The hole A118H located in the Carthage field in Panalo county had a 24 hour IP rate of 5 million cubic feet per day. In July we brought our seventh well online, also located in the Carthage field.”

“The Smith-Bird 20H achieved a 24-hour IP rate of over 6 million cubic feet per day. While we have seen instantaneous rates as high as 9 million per day, we continue to bring Haynesville wells on cautiously.”

Source: Seeking Alpha