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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Replies to This Discussion

Permalink Reply by jffree1 on September 1, 2012 at 7:11

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


landownerPermalink Reply by ALongview on September 5, 2012 at 7:33

 I don't know why they would leave when the wells just keep getting better and better.

 

 

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Filing Operator: DEVON ENERGY PRODUCTION CO, L.P. (216378) Medium:
Online
 District: 06
    Type: Original RRC Identifier: 727958
    Received: 09/04/2012 Gas Well #: 2H
Field Name Lease Name Gas Well No.
CARTHAGE (HAYNESVILLE SHALE) HALBERT TRUST 2H
2H
Oil/Condensate (whole barrels)
Gas/Casinghead Gas - MCF
Prod
Month
Commingle
Permit No.
On Hand
Beginning of Month
Production
Disposition
On Hand
End of Month
Formation
Production
Disposition
Volume
Code
Volume
Code
03/2012 N/A 19,625 18,915 01 710 87,645 3,248 01
            84,397 02

 


View this report in Adobe Pdf Format  View PR Image
Filing Operator: DEVON ENERGY PRODUCTION CO, L.P. (216378) Medium:
Online
 District: 06
    Type: Original RRC Identifier: 727958
    Received: 09/04/2012 Gas Well #: 2H
Field Name Lease Name Gas Well No.
CARTHAGE (HAYNESVILLE SHALE) HALBERT TRUST 2H
2H
Oil/Condensate (whole barrels)
Gas/Casinghead Gas - MCF
Prod
Month
Commingle
Permit No.
On Hand
Beginning of Month
Production
Disposition
On Hand
End of Month
Formation
Production
Disposition
Volume
Code
Volume
Code
04/2012 710 9,788 9,948 01 550 56,816 3,367 01
            53,449 02

 


View this report in Adobe Pdf Format  View PR Image
Filing Operator: DEVON ENERGY PRODUCTION CO, L.P. (216378) Medium:
Online
 District: 06
    Type: Original RRC Identifier: 727958
    Received: 09/04/2012 Gas Well #: 2H
Field Name Lease Name Gas Well No.
CARTHAGE (HAYNESVILLE SHALE) HALBERT TRUST 2H
2H
Oil/Condensate (whole barrels)
Gas/Casinghead Gas - MCF
Prod
Month
Commingle
Permit No.
On Hand
Beginning of Month
Production
Disposition
On Hand
End of Month
Formation
Production
Disposition
Volume
Code
Volume
Code
05/2012 550 7,032 6,935 01 647 49,446 3,649 01
            45,797 02

 


View this report in Adobe Pdf Format  View PR Image
Filing Operator: DEVON ENERGY PRODUCTION CO, L.P. (216378) Medium:
EDI
 District: 06
    Type: Original RRC Identifier: 727958
    Received: 07/31/2012 Gas Well #: 2H
Field Name Lease Name Gas Well No.
CARTHAGE (HAYNESVILLE SHALE) HALBERT TRUST 2H
2H
Oil/Condensate (whole barrels)
Gas/Casinghead Gas - MCF
Prod
Month
Commingle
Permit No.
On Hand
Beginning of Month
Production
Disposition
On Hand
End of Month
Formation
Production
Disposition
Volume
Code
Volume
Code
06/2012 647 5,122 5,357 01 412 46,065 3,570 01
            42,495 02

 


View this report in Adobe Pdf Format  View PR Image
Filing Operator: DEVON ENERGY PRODUCTION CO, L.P. (216378) Medium:
EDI
 District: 06
    Type: Original RRC Identifier: 727958
    Received: 09/04/2012 Gas Well #: 2H
Field Name Lease Name Gas Well No.
CARTHAGE (HAYNESVILLE SHALE) HALBERT TRUST 2H
2H
Oil/Condensate (whole barrels)
Gas/Casinghead Gas - MCF
Prod
Month
Commingle
Permit No.
On Hand
Beginning of Month
Production
Disposition
On Hand
End of Month
Formation
Production
Disposition
Volume
Code
Volume
Code
07/2012 412 4,563 4,312 01 663 43,358 3,650 01
            39,708 02

 

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Permalink Reply by Benn Bundy on September 5, 2012 at 8:23

From what I've heard, they are also closing their Carthage office. Two contractors I know of from there have had all their work canceled.  What little I know about the O & G business, and it's very little, there is easier/cheaper oil to be had in South Texas and northern Oklahoma.  I have one more source to check with, a neighbor who works for Devon, before I become officially despondent.  I hope I'm not spreading false rumors. 


landownerPermalink Reply by ALongview on September 5, 2012 at 12:15

It could be that someone is footing the bill for drilling elsewhere and they can come back and get the oil later?  They have 2-3 years on most of their recent leases so they certainly have time.  Are they drilling for oil or wet gas in South Texas? 

Permalink Reply by jffree1 on September 5, 2012 at 12:48

Devon has been hunting liquids for two years now.


landownerPermalink Reply by ALongview on September 5, 2012 at 12:50

jffree, what is your opinion?  Just have time to come back later?

Permalink Reply by Benedumtreesoilwell on September 6, 2012 at 4:17

Units are still being created. 

Permalink Reply by jffree1 on September 6, 2012 at 11:04

I don't have one yet.  Devon closing an office in Panola Co. doesn't tell me they are pulling out of SA or Sabine... and companies drop contractors all the time. 

If they do leave, they have three years to come back and drill.  


Oil & Gas ProPermalink Reply by Andrew on September 6, 2012 at 10:53

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.

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