Devon Energy CEO on New Technology and Fracking

The transcript discusses the use of advanced technology in oil production, focusing on improving well productivity and efficiency. It highlights the shift to a continuous improvement model in hydraulic fracturing, which allows for real-time data-driven adjustments. The discussion also covers budget considerations, emphasizing that technology investments lead to significant cost reductions and increased production rates. The transcript concludes with advancements in geosteering, enabling precise drilling and enhanced well performance.

How has the rate of production changed since 2012 due to the application of new technology?

What challenges were faced in geosteering before the implementation of new technology?

What is the future plan regarding technology as a differentiator in the current oil price environment?