Devon Energy (DVN) released earnings for the first quarter of 2010, and updated its activities in many of its prospective oil and gas plays, including the Barnett Shale.
Devon Energy reported that its net production from its Barnett Shale properties averaged 1.1 billion cubic feet per day during the first quarter of 2010. This was up by 5% sequentially.
Devon Energy has 609,000 net acres in the Barnett Shale, including 512,000 in the core area, and 97,000 acres in what the company calls an “emerging” area of the play. The company plans to drill 370 net wells in 2010.