Devon Energy Corp., Oklahoma City, completed additional facilities work at its Jackfish 1 heavy oil project in the southern Athabasca oil sands region of Alberta, and full-scale operations have been restored. The work was related to minor facility repairs identified during turnaround startup activities.
Third-quarter net production in Canada is estimated to be 104,000 boe/d because of the maintenance at Jackfish 1. The temporary curtailment of Jackfish volumes represents less than 1% of total expected company-wide production for the year. Production at the Jackfish 2 and Jackfish 3 projects were at nameplate capacity for the entire third quarter.
Devon expects fourth-quarter net production in Canada, after the impact of higher sliding-scale royalties, to increase to an average of 115,000-120,000 boe/d.
The company estimates third-quarter net production in the US will be 418,000 boe/d. During the quarter, the company sold minor, noncore assets with an associated production impact of 2,000 boe/d. In the quarter, the company’s upstream capital spending was $523 million, 9% below the company’s midpoint guidance.