Yep. Oak lends a nice complexity to the beer. However, I think you will want to let it sit more than a week. I'd suggest two weeks. Alternatively, how long does a keg last you? Consider putting the oak right into the keg.
Brody's Brew House
Primary: Pumpkin Saison; American Brown Ale(
Seconary: Don't use one, generally
Kegged: Pumpkin Porter
Planned: Either a Porter or a Scottish Strong Ale
"For a quart of ale is a dish for a king." - Shakespeare