This is interesting.
[From Devon Energy 4th quarter 2013 report to shareholders announced February, 2014]
As we announced in November, Devon is acquiring 82,000 net acres in the world class Eagle Ford oil play.
This acreage is located in DeWitt and Lavaca counties, which was proven to be in the very best part of Eagle Ford, capable of delivering outstanding well results that ultimately translate into exceptional rates of return, with the majority of our acreage de risks, adding this top tier light oil development opportunity to our portfolio provides additional low risk repeatable oil growth for years to come.
Causing this transaction remains on track for the beginning of March, for those of you modeling Devon we expect our net product in Eagle Ford to average between 70,000 and 80,000 BOE per day for the ten months that we will have assets in 2014. Also, assuming our March closing we expect our capital investment in Eagle Ford to be about $1.1 billion in 2014. These forward looking estimates for product and capital are right in line with our previously provided 2014 guidance after you adjust for not only Eagle assets in January or February.