Exploration & Production | Quarterly / Earnings Reports
Exco Hits 169 Mmcf/d in Marcellus; Reduces Drilling Program
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Exco Resources Inc. reported that its gross operated Marcellus shale production at the end of the second quarter 2013 was 169 Mmcf per day (49 Mmcf per day net).
The company's focus through 2013 has been to complete and turn to sales the remaining drilled well inventory while reducing the size of its drilling program due to low natural gas prices.
In the second quarter 2013, Exco spud two development wells in Central Pennsylvania and completed three gross operated (1.5 net) Marcellus wells in Central and Northeast Pennsylvania. During the remainder of 2013, the company plans to turn to sales an additional 9 gross (3.2 net) Marcellus wells, two in the Central Pennsylvania area and seven in Northeast Pennsylvania. Development planning for 2014 is underway and will be a combination of…
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