Devon Begins Production from Discovery Made in September

Devon Energy reported production results from a natural gas discovery in the Gulf of Mexico. The well, located on Viosca Knoll block 694, was completed in September. However, production was delayed due to severe weather. The Viosca Knoll 694 #4 well is now on stream and producing at a sustained rate of 16 million cubic feet of natural gas and 200 barrels of condensate per day. Devon operates the well with a 100 percent working interest.

Viosca Knoll block 694 is in federal waters offshore Mississippi. The discovery well is a subsea completion in 567 feet of water. Production is flowing to facilities at Main Pass block 259, approximately three miles to the north. The well was drilled to a total depth of 10,775 feet.

Devon also reported on the impact of Tropical Storm Isidore and Hurricane Lili to its Gulf of Mexico operations. Storm damage was not extensive and did not disable any of Devon's 111 operated offshore platforms. The company's operated offshore Gulf of Mexico oil and gas production has been almost completely restored to pre-storm levels. Production from two deepwater blocks, however, remains shut-in due to damage sustained to a third-party's production facilities. The two blocks produce approximately 12.4 million cubic feet of gas and 8,900 barrels of liquids per day net to Devon. Devon anticipates that repairs by the operator will be completed within two weeks.