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EXCO Talks 1Q Texas, Appalachian Ops; Pilot Projects
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EXCO Resources has reported a first quarter 2015 update on its Appalachian, East Texas/North Louisiana and South Texas operations.
North Louisiana Highlights: Produced 207 Mmcfe per day, an increase of 14 Mmcfe per day, or 7%, from the fourth quarter 2014 and a decrease of 52 Mmcfe per day, or 20%, from the first quarter 2014. Drilled 2 gross (1.7 net) operated horizontal Haynesville wells in Caddo Parish and turned-to-sales 14 gross (10.5 net) wells primarily in the Holly area of DeSoto Parish.EXCO’s increase in production compared to the fourth quarter 2014 was primarily the result of completion activities. The Company entered 2015 with three operated rigs drilling in this region and subsequently moved these rigs to the Shelby area of East Texas. Current plans in North Louisiana for…
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