Devon Energy Eagle Ford Spending $1.1 Billion in 2014

Devon Estimates Eagle Ford Average Net Production of 70,000 - 80,000 boe/d Through October, 2014
Devon Energy Eagle Ford Acreage Map

Devon Energy Eagle Ford Acreage Map – 82,000 net acres | Click to Enlarge

Devon Energy plans on investing $1.1 billion in the Eagle Ford in 2014 and will drill more than 200 wells. The company estimates average net production through October, 2014, of 70,000 – 80,000 boe/d in the play.

At the end of February 2014, the company closed on its $6 billion Eagle Ford acreage acquisition from GeoSouthern. The deal included 82,000 net acres in DeWitt and Lavaca Counties, and makes Devon a significant player in the Eagle Ford Shale.

Read more: Devon Energy Acquires Eagle Ford Assets From GeoSouthern for $6 Billion

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Forest Oil Will Double Oil Production in 2014 – Securing Eagle Ford Acreage

Now Seeking Opportunites To Add To Their Eagle Ford Acreage Position
Forest Oil Eagle Ford Acreage Map Year-end 2013

Forest Oil Eagle Ford Acreage Map Year-End 2013 | Click to Enlarge

Forest Oil expects to grow company-wide production by 11% next year, with oil production growing 90-100%.

Sales volumes from the Eagle Ford will drive growth. The company expects production from South Texas to more than double to 6,250 boe/d in 2014.

Forest is planning to spend 77% of its $290-310 million capital budget in the Eagle Ford. [Read more…]