A version of this story appears in the October 2017 edition of Oil and Gas Investor. Subscribe to the magazine here.
During one of its regular weekly operations meetings this July, Devon Energy Corp.’s (NYSE: DVN) Stack team announced something irregular—and significant: the company’s stunning Privott 17-H well in southwestern Kingfisher County, the heart of the booming Stack area in Oklahoma’s Anadarko Basin.
Word about the well spread quickly through the offices and into Devon’s C-suite, for the Privott had set a new play record with an IP-24 of 6,000 barrels of oil equivalent per day (boe/d) from the Mississippian Meramec. It could have flowed more, the company said, but was constrained by the capacity of the production facilities.