Spud up to 10 new wells in the Powder River Basin

Delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 15 Feb 2022
Due: 31 Dec 2022
Delivered: by 31 Dec 2022

Deadline
Met
Late
Not met
Today

What the company said

“In 2022, the company expects to spud up to 10 new wells to advance the appraisal of this emerging resource opportunity”

SourceDevon Energy Form 8-K press release, 2022-02-15
FilingSEC filing index
Deadline as statedIn 2022
Deadline used31 Dec 2022, the last day of the stated period
TypeProject
Permanent referenceKI-C-2022-DVN-008841
Cite as https://keptindex.org/c/KI-C-2022-DVN-008841/ — this address never changes.

What we found

Evidence strength A What the grades mean

Devon Energy exceeded its commitment to spud up to 10 new wells in the Powder River Basin, reporting that its drilling program resulted in 16 wells placed online during 2022.

A
Devon Energy 8-K filed 2023-02-14 Regulatory filing · published 14 Feb 2023 · retrieved 13 Oct 2026 · kept permanently by the SEC · fingerprint 45cc69d2674d
“This growth was driven by the company’s Niobrara-focused drilling program that resulted in 16 wells placed online during the year.” ✓ confirmed on the page

Market reaction: the shares moved -11.2% against the S&P 500 over the three sessions around the disclosure (13 Feb 2023 to 16 Feb 2023). What this measures

Checked 13 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

Deadline drift +365 days
Scope drift +100.0%
2 versions

Version 1 · original · stated 15 Feb 2022

Deadline 31 Dec 2022 (“In 2022”) · target 10 wells · wording expected
Version 2 · stated 1 Nov 2022

Deadline 31 Dec 2022 (“For the remainder of the year”) · target 5 wells · wording expected

“For the remainder of the year, Devon plans to run one operated rig and drill approximately 5 new wells”
Source for this version
Version 3 · stated 14 Feb 2023

Deadline 31 Dec 2023 (“For 2023”) · target 20 wells · wording expected

“For 2023, Devon will continue to appraise this emerging oil resource, with plans to drill approximately 20 new wells across its 300,000 net acre position.”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Project other
Indicative materiality: Low rules
Action: Spud
Deliverable: 10 new wells
Target: 10 wells
Where: Powder River Basin
Language: Expected (“expects”, “plans”)
In the company’s control: High
Specificity: High

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “no_evidence”.
Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the recorded outcome.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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