LOW GAS PRICE TRIMS DEVON'S SAN JUAN FLOW
Devon Energy Corp., Oklahoma City, will cut production from its largest gas property, the Northeast Blanco Unit (NEBU) in San Juan County of the San Juan basin in Northwest New Mexico. The company cited low wellhead prices as the reason. Devon expects July mainline prices for San Juan basin gas to be only 95-98/Mcf, or 40-50 less than last year's level. For July, Devon will cut gross NEBU production to 65 MMcfd from its current capacity of 115 MMcfd.