From: Devon Energy
Devon Energy is involved primarily in energy exploration and production, and has proven reserves of 677 million barrels of oil, 9 trillion cubic feet of natural gas, and 321 million barrels of natural gas liquids. A very bullish stockpile as energy prices soar! Devon Energy is one of the largest US independent oil [...]
GAMLS is one such software program, which allows geologists, geophysicists, engineers, and petro-physicists to evaluate old fields, look for step-outs, and to analyze the potential of new producing zones. In many cases, the new zones have been overlooked because technologies to determine the zone’s potential, and then to successful drill and complete the hydrocarbon-bearing formation [...]
Gas saturation seems constant across the region, so it is tempting to invoke increased natural fracturing in these areas as the explanation. Gas in-place is the total amount of free and adsorbed gas within the Marcellus. Given a resource that is found under more than 34,000,000 acres of real estate with at least 50 feet [...]
Gas shale well productivity varies widely by basin, due to variations in the natural fracturing, richness of the shale, net thickness, and initial rates. The major change has been in well completion and operating methods, which have led to increase per well reserves. Gas may be further categorized as in-situ generated-reservoired or as migrated gas. [...]
Devon Energy is at an all time high and the upward move has been accompanied by heavy volume. Not with standing the global economic slowdown, the price of oil has managed to remain firm due to supply constraints and geopolitical tensions. Devon Energy is in the position to make a lot of money if the [...]
