Devon Energy, Oklahoma City, has reduced its expected fourth-quarter 2022 production guidance by 2%, or 15,000 boe/d, citing the impact of severe winter weather across its operations.
The curtailments are estimated to limit Devon’s production to an average of 636,000 boe/d in the quarter, including 316,000 b/d of oil, the company said in a release Jan. 10.
The most significant production impact was associated with the company’s Williston basin operations in North Dakota. Severe weather conditions during December resulted in well shut-ins, infrastructure downtime, and delays in completion activity.
Production across all operating areas has been restored, the company said, and weather-related downtime is expected to be confined to fourth-quarter 2022.