Sabine County, Texas

All things related to the Haynesville Shale in Sabine County.

Devon Leaving San Augustine, Sabine Counties Rumor?

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. 

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    jffree1

    They are presently drilling in San Augustine on the R. Griffin Gas Unit #2H. We shall see... 

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    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.