Replies to post #42 on Devon Energy Corporation (DVN)

[OilStockReport]

Oil Sands update.

Jackfish 1
Devon Energy started production from Jackfish 1 in 2008 and reached maximum capacity here in 2010, with the project currently producing 33,000 barrels of oil per day net. The company spent $620 million in capital to start up the Jackfish 1 project.

Jackfish 2
Devon Energy started construction on Jackfish 2 in 2009 and began production in June 2011. The company spent $1 billion in startup capital on this project, as costs for materials have accelerated sharply over the intervening years. Devon Energy expects this project to reach peak production in late 2012.