Exploration & Production | Top Story | Quarterly / Earnings Reports
Exco Keeps Tri-Rig Strategy in Haynesville/Bossier; Completes 15 Wells
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EXCO Resources Inc. reported that its Haynesville/Bossier shale operated production was 971 Mmcf per day gross (283 Mmcf per day net) and with the addition of production from our OBO wells, Exco had 302 Mmcf per day of total net Haynesville/Bossier shale production.
The company operated three drilling rigs in the play during the second quarter 2013 and currently has 39 units fully developed in the Haynesville in DeSoto Parish. Including the 11 sections acquired from Chesapeake, Exco has an additional 40 units to be developed in our core DeSoto Parish area. The company completed and turned to sales 15 gross (5.0 net) operated Haynesville horizontal wells in the quarter. Also, Exco spud seven operated horizontal wells and participated in three OBO wells during the quarter. In total, it has…
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