Wednesday, February 20, 2013

Devon Energy Conference Call mentions Cline Shale

Devon Energy's conference call this morning made mention of the Cline Shale.  Here is a quote from the transcript on Seeking Alpha from Devon's CEO:

"If you look at total resource potential, then certainly the Cline Shale and the Wolfcamp Shale would rank at the top of the list.  And as we really drive the economic value as we move forward in the Cline Shale, it could be very, very significant."

Keep in mind that Devon is drilling in the Cline Shale in Mitchell County very near the north border of Lynden Energy's Mitchell Ranch.  In fact, three of Devon's wells are within a mile of the border.

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