New Cana Woodford Wells In The Anadarko Basin Deliver Exciting Results
One bright spot in recent months has been Devon Energy Corp.’s discussion of the emerging Cana Woodford shale play in western Oklahoma. During a February conference call, the company reported that it had leased some 112,000 net acres in Canadian, Blaine and Caddo counties, and completed 10 operated wells, including seven long-lateral horizontals.
Devon calls its play Cana, after Oklahoma’s Canadian County. Here, the Woodford is considerably deeper than in Eastern Oklahoma’s Arkoma Basin play. The Anadarko’s variant of the Woodford occurs at depths from 11,500 to 14,500 feet, and is highly pressured. Initial gas-in-place estimates for the Cana shale are upward of 200 Bcf per square mile, and Devon said it expects recovery factors similar to those found in the best shale plays in the country.
Devon figures its existing acreage holds net risk potential of 4 Tcfe. The gas is rich in liquids, and will require processing. This year, the company plans to run four rigs and drill 27 operated horizontal Cana wells. The wells are expected to cost around $9 million each, and yield estimated ultimate recoveries of up to 8 Bcfe.
Other operators active in the Cana play include Cimarex Energy, Questar and Marathon Oil.
–Peggy Williams, Senior Exploration Editor, Oil and Gas Investor
Contact me at pwilliams@hartenergy.com
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