Exploration & Production | Deals - Joint Ventures | Quarterly / Earnings Reports
Exco Details Production from Permian, East Texas Partnership
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Exco Resources Inc. has reported operating results, capital expenditures and planned operations addresses the EXCO/HGI Partnership in which it owns a 25.5% economic interest.
PermianDuring the second quarter 2013, the partnership drilled and completed 8 gross (7.9 net) wells in the Sugg Ranch area with 100% drilling success. Additionally, there was 1 gross (0.3 net) well successfully drilled in the Ackerly area in Dawson County.
Economics for this drilling activity typically have high rates-of-return driven by oil and NGL content. The partnership expects to run one operated rig intermittently at Sugg Ranch for the remainder of 2013. At the end of the second quarter 2013, production from the 451 partnership wells averaged approximately 3,650 net Boe per day. This average production rate…
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