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Exco Suspends Eagle Ford Drilling; Improves Well Performance

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Exco Suspends Eagle Ford Drilling; Improves Well Performance

Exco Resources reported its Q3 2015 update. 

Produced 340 Mmcfe per day, or 31 Bcfe, for the third quarter 2015, at the low-end of guidance. Production decreased 21 Mmcfe per day, or 6%, from the second quarter 2015, primarily due to the timing of completion activities and higher downtime. Eagle Ford/Buda: As a result of continued depressed oil prices, EXCO has suspended its development program in the South Texas region for the remainder of 2015. The Company's acreage in the South Texas region is approximately 81% held-by-production, which allows EXCO flexibility in the timing of development of this region. Drilling Activity

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East Texas Improved Well Performance

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Produced 52 Mmcfe per day, an increase of 12 Mmcfe per day, or 30%, from the second quarter…
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