Devon Energy reports successful drilling in Western Gulf
Devon Energy reported the results of its first drilling program based on four-component 3D seismic technology in the
Gulf of Mexico. The company said it has drilled four natural gas wells this year in the West Cameron area offshore
Louisiana with the aid of four-component seismic. All four wells were successful.
Two of these wells are located on West Cameron blocks 534 and 536, where Devon has a 100 % working interest. Combined
initial gross natural gas production from these two wells was 36 mm cfpd.
The other two wells are located on West Cameron block 532, where Devon has a 67 % working interest. Combined initial
gross production from these two wells was 30 mm cfpd. Devon is the operator of all four wells. Newfield Exploration
holds the remaining 33 % working interest in the wells on block 532.
The Gulf of Mexico shelf includes areas where shallow gas sands and salt deposits interfere with traditional seismic
imaging. Devon is utilizing four-component seismic to help identify hydrocarbon formations lying below these areas of
interference. The company has licensed two large four-component seismic surveys in the Gulf of Mexico, covering a
total of 660 square miles.
"Four-component seismic is proving to be a useful risk reducing tool in the Gulf," said J. Michael Lacey, senior vice
president -- exploration and production. "We expect to develop a number of additional drill-ready prospects from our
four-component data."
Devon Energy is an Oklahoma City-based independent energy company engaged in oil and gas exploration, production and property acquisitions. Devon ranks among the top five US-based independent oil and gas producers and is included in the S&P 500 Index.
