Devon Energy (DVN) updated the company’s development program into the Granite Wash during the second quarter of 2011. The company has 63,000 net acres under lease.
Devon Energy put eight operated wells onto production during the quarter, and reported that these wells averaged initial production of 2,010 barrels of oil equivalent (BOE) per day. The liquid content of these wells averaged 200 barrels of oil and 730 barrels of natural gas liquids per day.
Devon Energy reported average net production during the quarter of 17,000 BOE per day. The company plans to drill a total of 55 wells into the Granite Wash in 2011.