Devlan plans at least 30 wells in 2004

Petroleum News

Devlan Exploration Inc. says it’s planning to drill 30 wells this year, nearly double the number the company planned for 2003 at the beginning of that year.

The Calgary-based company says it has historically raised its expenditures after the winter drilling season.

For 2003, Devlan spent more than $29 million participating in a total of 28 wells (19.0 net) with a net success rate of 83 percent, the company announced Jan. 13.