Devon Energy Case Study

Leading independent oil & gas producer leverages PDS Energy’s Well Data Exchange Platform to provide uninterrupted self-service access to interest owners before, during, and after its merger with WPX Energy.

Business Context & Challenge

Devon Energy (NYSE: DVN) is a leading independent oil & gas producer with a focus on the Delaware, Eagle Ford, Anadarko, Powder River, and Williston basins. Devon Energy’s portfolio consists of over 30,000 wells and – according to its Q2 2021 investor presentation – had reached 567,000 barrels of oil equivalent per day.
In January of 2021 Devon Energy and WPX Energy completed their merger, bringing an extensive portfolio of assets in the Permian and Williston under Devon Energy’s management. Devon Energy needed to continue sharing production data and well documents with its interest owners while onboarding datasets from the merger and ensuring uninterrupted data delivery to WPX Energy’s partners.

Following the merger, Devon Energy was responsible for distributing large volumes of well and production data to over 2,000 of its own and WPX Energy interest owners. This included daily wellsite data and documents – drilling, completions, workover reports, well logs, directional surveys, AFEs, among other document types – as well as daily and monthly oil & gas production volumes.
In addition to the challenge of sharing well information at scale with owners, the newly merged companies utilized different well databases with Devon Energy using WellView and WPX Energy using OpenWells. Devon Energy wanted to consolidate and automate its owner data distribution for both companies while enabling it to manage even more wells without adding head count.

 

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