Devon’s Eagle Ford operations are located in DeWitt and Lavaca counties in Texas. This world-class light-oil position is delivering outstanding well results offering some of the highest rate-of-return drilling opportunities in North America.
The company’s DeWitt County acreage is essentially derisked with at least one well drilled in each drilling unit. Activity in DeWitt has consistently delivered industry-leading results, making it the economic sweet spot in the Eagle Ford play. Lavaca County is less mature from a drilling standpoint; however, Devon and the industry have drilled some encouraging wells in the area recently. Devon's Eagle Ford production is leveraged to oil and has low-cost access to premium gulf coast pricing, providing for very solid operating margins.
|Eagle Ford Key Stats|
|Production (2015 net):||
115 MBOED (79% liquids)
17% of company
|Reserves (12/31/15):||103 MMBOE (76% liquids)
4% of company
|2016e E&P Capital:||$200 MM|