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Exco Mulling Eagle Ford Rig Increase in Q4; Maintains Permian Momentum
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Exco Resources Inc. has reported a third quarter 2013 update on its South Texas and Permian Basin operations.
South TexasOur South Texas region includes assets in the Eagle Ford shale and other formations acquired from Chesapeake on July 31, 2013. We operated three drilling rigs and two fracture simulation fleets during the third quarter 2013. We spud 6 gross (1.5 net) wells in our core area in the Eagle Ford shale as part of our joint development program with KKR. We also turned to sales 6 gross (3.9 net) wells in our core area that were spud prior to the acquisition date and not subject to the KKR Participation Agreement. The average initial production rate from the wells turned to sales in our core area was approximately 600 Bbl per day. In addition, we spud 2 gross (0.3 net) wells…
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