Subsidies. A mundane yet often published subject, like that of the article published November 14th, 2019 by Forbes titled Fossil Fuel Subsidies And Impact Greenwashing Are Stalling The Energy Transition. It’s an often used, yet thoroughly debunked, attack on those who produce and sell traditional fuels to power our lives. With Forbes alone publishing twice more in the past few months, on July 25, 2019 US Spend Ten Times More on Fossil Fuel Subsidies Than Education and again on October 26, 2019 EU Accused of Subsidizing Fossil Fuels Through Capacity Markets, on the subject of energy subsidies it would seem everyone is discussing subsidies at the coffee shop on a routine basis these days even though that’s quite unlikely. Regardless, it is time to set some things straight.

Slide 22 suggests that Devon’s top highlight is the Centaur Density Development project, which came online at 2,600 barrels of oil equivalent per day per well (5-well density). It also suggests that the project is dramatically outperforming the 10k Type Curve after being online for about 60 days.