Exploration & Production | Quarterly / Earnings Reports
Exco Highlights Mega Acquisition, Completes 23 Wells in Q3
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EXCO Resources, Inc. has reported third quarter results for 2013.
Douglas H. Miller, EXCO's Chief Executive Officer, commented, "Our acquisitions in the Haynesville and Eagle Ford shales support our strategy to grow in our core areas, add to our oil production, and use our outstanding operating expertise. We have begun our development program in the Eagle Ford through the drilling partnership with KKR. Our early drilling and completion results are meeting our expectations, and we plan to quickly implement a manufacturing program on both the Eagle Ford and Haynesville assets. Additionally, we are pleased we've reached an agreement to sell TGGT and will use the proceeds to reduce debt consistent with our financing strategy on the $1 billion of acquisitions we closed on in July."
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