3/31/2011

Devon Energy said it would drill 325 Barnett Shale natural gas wells and keep 12 rigs running this year, said Larry Nichols, executive chairman. The company produced a record 1.2 billion cubic feet of gas per day in the Barnett Shale in the fourth quarter last year. Devon probably will maintain that figure in 2011 because of limited demand and low prices, Nichols said, but can boost daily output to at least 1.5 billion cubic feet.

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