MOTIVATION FOR DEVON WAS 80,000 ACRES IN CORE OKLAHOMA STACK, ONE OF THE MOST PROLIFIC AND ECONOMIC OIL PLAYS IN THE US
EXECUTIVE PHOTOS BY MARK DOOLITTLE
EDITOR’S NOTE: On Dec. 7, Devon Energy Corporation, the sixth-largest US petroleum producer according to asset value, announced its $1.9 billion acquisition of Felix Energy, a privately held, Denver-based E&P company. Prior to the deal closing, OGFJ spoke with Skye Callantine, president and CEO of Felix Energy, and two members of his executive team – Michael Horton, vice president of land, and Bill Arnold, vice president of operations.
SKYE CALLANTINE: Without a doubt, Don. Our team dedicated countless hours assembling and proving up an industry leading position in the most economic portion of the STACK crude oil play in Oklahoma. Devon’s decision to acquire Felix in this environment reaffirms our long-held belief that this is a world-class asset. The acquisition adds significant resource and very high-quality drilling inventory to Devon’s legacy position in the STACK.