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Devon spins the bit at Showboat

Development considered important data point in burgeoning Stack play

US independent Devon Energy has started drilling at its closely watched Showboat development in the Stack play of Oklahoma, according to a company official.

"Our early development project at Showboat has just spud, I'm excited about that," Devon's senior vice president of exploration, Wade Hutchings, said at Hart Energy's Dug Midcontinent conference Wednesday. Results will be announced next year.

Market watchers have kept their eyes on Showboat since Devon announced record results from the nearby Privott-17H well in July. The well, located in south-western Kingfisher County in the over-pressured oil window of the Stack, was drilled with a 10,000-foot lateral and landed in the upper Meramec interval. It achieved a peak initial production rate of 6000 barrels of oil equivalent per day over 24 hours.

The Showboat project, which includes 25 wells across four landing zones, is expected to provide important data on how best to develop the Stack play.

Hutchings said the company's analytical approach to the well and the use of a proprietary completions programme drove the strong results from the Privott well.

"The selection of that well was based on analytical activity throughout the company to find the best rock and put the wells in these landing zones, and then apply new, in some cases proprietary, mechanisms to stimulate that," he said.

"So that's what we think drove the outperformance. Even with those, however, the well was a surprise in terms of how big it was.It certainly was in a very sweet spot of the play, but no one predicted that we would get 6000 boepd, or that it would end up settling at about 4800 boepd after 30 days."

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