This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Devon Successfully Drills Kardell Well In Texas

OKLAHOMA CITY (AP) ¿ Independent oil and gas producer Devon Energy Corp. on Monday said it successfully drilled a Haynesville Shale well in San Augustine County, Texas.

The Kardell Gas Unit 1H well achieved an average continuous 24-hour flow rate of about 30.7 million cubic feet of natural gas equivalent per day.

"With a flow rate of more than 30 million cubic feet per day, we believe the Kardell well is the highest rate well ever drilled in the Haynesville Shale," said David Hager, executive vice president of exploration and production.

Devon owns a 48 percent working interest in the well, which was drilled 18,350 feet deep. Crimson Exploration Inc. owns the remaining 52 percent working interest.

The Kardell well is the company's first well in San Augustine County. Its success prompted plans to accelerate drilling activity in the area, the company said. Devon's southern Haynesville Shale acreage is made up of 47,000 net acres mainly located in the Texas counties of San Augustine and Sabine and in Sabine Parish, La. Devon holds a 100 percent interest in its primary term leases in the southern area.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DVN $66.05 0.00%
AAPL $132.04 0.00%
FB $80.55 0.00%
GOOG $539.79 0.00%
TSLA $247.43 0.00%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs