Exploration & Production | Operational Updates
Exco Provides East TX, Marcellus 4Q12 Shale Update
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Exco Resources provided an update in regard to its year-end 2012 Marcellus and Haynesville, Bossier and Cotton Valley activity.
Haynesville/BossierOur horizontal Haynesville shale development program continues to be a significant asset for EXCO and continues to yield strong results. As of December 31, 2012, our Haynesville/Bossier shale operated production was 1,096 Mmcf per day gross (328.1 Mmcf per day net) and with the addition of production from our OBO wells, we had 353.0 Mmcf per day net of total Haynesville/Bossier shale production.
In response to low natural gas prices, we have significantly reduced our drilling program. In 2011, we had 22 operated rigs in the Haynesville/Bossier shale play at our peak. We began to reduce our rig count in late 2011 and currently have three…
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