Exploration & Production | Top Story | Quarterly / Earnings Reports | Third Quarter (3Q) Update
EXCO Touts Significant Cuts in South TX Drill Times
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EXCO Resources Inc. has reported a third quarter update on its South Texas operations.
In the South Texas region during the third quarter 2014, we operated an average of two drilling rigs focused on development of the Eagle Ford shale. We drilled 11 gross (2.7 net) operated wells and completed 14 gross (2.9 net) wells in the Eagle Ford shale during the quarter. Our drilling program during the quarter consisted of manufacturing and testing in the core area and adjacent areas under a farmout agreement. We have continued to expand our position in the area by earning additional acreage through drilling under the farmout agreement and leasing properties adjacent to our core area. We are preparing to test the Buda formation on a portion of our acreage later this year.
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