Devon Energy CEO Outlines Company's Blueprint for Growth

Devon Energy is focusing its 2018 capital spending on the Delaware Basin and STACK play, with plans for numerous new wells. The company is optimizing well density to maximize oil production efficiently. Challenges include managing well interference and decline rates. Success in the Boundary Raider area highlights Devon's strategic growth, with a deep inventory of high-return opportunities. The company aims to maintain a steep growth curve, anticipating significant production increases by 2020.

What does Devon believe about the relationship between initial well rates and total recovery?

What is the anticipated production of oil equivalent by the end of 2020?