I heard a rumor last night from a friend who does service work for Devon in San Augustine and Sabine Counties. He said they have, or they will within days, completely close their operations here and in Carthage and move to Oklahoma and South Texas. He said they have canceled all their work with him, and that they are physically gone. His rumor included something about the Chinese investing a Billion Dollars with them, and dictating their move.
If true, they are leaving behind work undone in both counties, including new leases in my community of Rosevine. Hope it ain't so.
jffree1
They are presently drilling in San Augustine on the R. Griffin Gas Unit #2H. We shall see...
Sep 1, 2012
Oil & Gas Pro
Andrew
Companies do change their minds occasionally, but I would be surprised if Devon abruptly pulled the plug on what appeared to be a fairly active leasing campaign in these counties.
Sep 6, 2012