Sunday, March 30, 2008

DVN Forecasts Higher Barnett Shale Production

















Devon Energy (NYSE DVN) forecasts that production in the Barnett Shale will hit 1 billion cubic feet per day during the second quarter of 2008.

DVN currently produces 970 million cubic feet of natural gas per day from it's Barnett Shale operations in Texas. DVN uses both vertical and horizontal wells to captured natural gas held in shale deposits.