Devon isn't drilling in the Bakken, but the the oil and gas company is obviously watching the North Dakota operators closely.
Rigzone is reporting:
US
onshore-focused junior oil firm Magnolia Petroleum reported Monday that
partner Devon Energy is to drill eight wells on the same spacing unit
in Oklahoma as the Marion 1-23 HW well. This will be to maximize the
recovery of reserves from both the Mississippi Lime formation and the
lower-lying Woodford formation, the firm said.
Magnolia, which has a 4.1-percent interest in the area being drilled,
said this will be the first time it will have participated in eight
wells on a single section in Oklahoma.
Magnolia Chief Operating Officer Rita Whittington commented in a company
statement:
"Just as it has become established practice to drill eight
wells on a single unit to maximize the recovery of reserves from both
the Bakken and the lower lying Three Forks Sanish formation in North
Dakota, we believe more and more operators will do the same in Oklahoma,
targeting the Mississippi Lime and Woodford.
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