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Which Oil Stocks To Buy In The Current Bear Stock Market – Review Of Devon Energy's Western Canadian Drilling Results

|About:Devon Energy Corporation (DVN) Includes:ConocoPhillips (COP), ECA, PWE

In analyzing oil and gas stocks which trade on the North American stock markets a key factor which determines whether or not the stock will outperform its peers is how successful its drilling results have been to date. With natural gas prices plunging, oil drilling results become extremely important to these stocks trading on the North American stock markets. We have assembled never seen before oil drilling results which are derived from the various provincial registries in Western Canada. This data provides an unbiased view of which oil producers trading on the North American stock markets are having the greatest drilling success. This information provides valuable insight into what stocks will be moving up in the stock markets and which stocks will be plummeting. Another key factor in analyzing drilling results and the related production information is what the actual gas/oil production composition of the wells are as natural gas prices continue to be near 10 year lows. Investors buy oil stocks as they believe they are drilling oil wells; however, in reviewing the actual production data on a lot of these wells, they are actually natural gas wells which will have a significant impact on the oil stocks related cash flow.

With an exclusive relationship with a group of well know, former executive and technical staff of oil and gas companies in Western Canada, we have obtained the attached list of wells drilled by Devon Energy Corporation (NYSE:DVN) in Western Canada and it includes production data up to February 2012.

 

 

Well Location

Producer

Hours On Production

OIL_RATE (bbl/day)

GAS_RATE (boe/day)

100150706709W500

DEVON CANADA CORPORATION

1969

476

51

100010506709W500

DEVON CANADA CORPORATION

2818

192

23

100150103808W500

DEVON NEC CORPORATION

3312

132

135

102100107911W502

DEVON CANADA CORPORATION

1175

128

1

100090107911W500

DEVON CANADA CORPORATION

1813

128

2

100083203707W500

DEVON CANADA CORPORATION

3109

110

90

100033007922W500

DEVON CANADA CORPORATION

1566

94

18

100122807810W500

DEVON CANADA CORPORATION

1838

67

1

100053203906W500

DEVON NEC CORPORATION

3648

50

76

191052502417W300

DEVON NEC CORPORATION

1320

37

1

191122302515W300

DEVON NEC CORPORATION

1248

35

1

191091902515W300

DEVON NEC CORPORATION

2208

27

0

191100502514W300

DEVON NEC CORPORATION

1100

26

0

191140902416W300

DEVON NEC CORPORATION

1944

18

0

191151802416W300

DEVON NEC CORPORATION

1656

17

0

191161002516W300

DEVON NEC CORPORATION

2232

14

0

192052502417W300

DEVON NEC CORPORATION

1584

14

0

191112702515W300

DEVON NEC CORPORATION

2340

14

0

100013306610W600

DEVON CANADA CORPORATION

599

7

200

192112702515W300

DEVON NEC CORPORATION

1944

7

0

191051702414W300

DEVON NEC CORPORATION

2004

4

0

191020902517W300

DEVON NEC CORPORATION

912

3

0

Click to enlarge

Our review of the February 2012 production data shows that Devon Energy Corporation is having their greatest success in Western Canada in the Beaverhill Lake play in Swan Hills. See the complete list of the top 30 oil wells drilled up to February 2012 in Western Canada, and if you would like to see some of our proprietary more detailed capital efficiency and detailed drilling results by stock sticker please visit www.stockmarketopedia.com. Our data will show you how stocks like Conoco (NYSE:COP), Encana (NYSE:ECA) and Penn West (NYSE:PWE) are performing with the drill bit and it will provide insight as to which stocks you should consider buying in today's stock market. Further we continue to work with former executives of oil and gas companies to develop industry leading production, reserve, net asset value and capital efficiency reports for our users. This information is invaluable to investors investing in oil and gas stocks which trade on the North American stock markets as it will also show you the number of dry holes the producers have drilled and also the actual oil and natural gas composition of these wells. Thousands of hours have been put into assembling this data and we have not seen anything like this before. This data is an extremely powerful tool for both institutional oil and gas investors and the individual oil and gas investor.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: COP, ECA, PWE, DVN