FOCUS ON: POWDER RIVER BASIN

摘要

Oil production in the Powder River Basin dipped 6.5% to 137,000 bbl/d in 2021 from 2020, but the outlook is encouraging in a region best known for supplying 40% of U.S. coal. Devon Energy Corp. saw promising results from its third-quarter 2022 spacing test in the Niobrara Formation. Reservoir pressure was strong, and decline rates were shallower than expected.