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EXCO's Bossier, Haynesville, Eagle Ford Ops Add 198.1 Bcfe to Reserves

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EXCO's Bossier, Haynesville, Eagle Ford Ops Add 198.1 Bcfe to Reserves

EXCO Resources, Inc. has reported an operational and financial update, which includes select preliminary unaudited financial and reserve data, for the quarter and year ended December 31, 2015.

Key Points: During 2015, EXCO added 198.1 Bcfe through discoveries and extensions primarily as a result of its development programs of the Haynesville and Bossier shales in East Texas and the Eagle Ford shale in South Texas. Total production decreased by an estimated 2.0 Bcfe, or 6%, from the third quarter 2015 and decreased by an estimated 11.8 Bcfe, or 9%, from the year ended December 31, 2014. The decrease is primarily the result of normal production declines in the North Louisiana region from reduced development activities and lower production in the Appalachia region as EXCO pro-actively…
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