Oklahoma’s STACK play is reaping rewards for Devon Energy Corporation. The company announced on Monday that it has brought online a record-setting oil well in southwest Kingfisher County in addition to completing another successful spacing test.
Devon announced the Pony Express 27-1H was drilled in southwest Kingfisher County with a 5,000-foot lateral and achieved a 30-day average rate of 2,100 Boe per day, consisting of 1,500 barrels of oil per day, or 70 percent of the production mix.
According to the energy company’s press release, “the Alma spacing pilot tested five wells per section across a single interval in the upper Meramec, delivering 30-day production rates averaging 1,400 oil-equivalent barrels (Boe) per day per well, of which 60 percent was light oil. In addition to the strong initial-production rates, early flow-back results from the Alma pilot indicate minimal interference between wells, suggesting potential for tighter spacing in the over-pressured oil window. The Alma wells were drilled with 5,000-foot laterals and were conservatively brought online with a 12/64-inch choke and gradually increased to a 20/64-inch choke.”
“The Alma spacing pilot and record-setting Pony Express oil well are examples of the excellent results we are achieving in the Meramec formation, which has quickly evolved into the best emerging development play in North America,” said Tony Vaughn, Devon’s Chief Operating Officer. “These successful well results help us further understand the optimal development scheme for Devon’s industry leading STACK position as we prepare for full-field development in 2017.”
Devon now has two spacing pilots with additional tests underway to optimize the company’s 2017 development plan. The Pump House in the STACK play was identified as the next pilot in the press release. Successful test results will allow Devon to proceed with full-field development in 2017.
STACK is an acronym referring to the Sooner Trend Anadarko (Basin) Canadian and Kingfisher counties. The majority of the play is located across Kingfisher, Blaine, Major, Garfield and Canadian counties.
Oklahoma City-based Devon is one of a few energy companies targeting the Meramec and Woodford shales of the emerging STACK and SCOOP plays of Oklahoma’s Anadarko Basin.