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Lets break down what Devon said and did across drilling , efficiency , and regional execution. Devon Drilling Activity by State (Q1 2024 vs Q1 2025) Drilling shifted significantly across Devons asset base. per Boe, total production cost at $12.42
Regional drilling activity remains mixed, with the Permian Basin and Eagle Ford experiencing slight declines, while other areas such as Oklahoma and Louisiana are showing growth. Overall Rig Count : The total number of active drillingrigs in the U.S. Oil Rigs : Fell by 1 to 486 this week.
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