Exploration & Production | Top Story | Capital Markets | Capital Expenditure | Drilling Program
Exco Suspends Eagle Ford, Marcellus; Focus On Haynesville in 2016
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Exco Resources today reported its 2016 drilling plans.
South Texas / Eagle Ford- Suspended OperationsAs a result of current oil prices, EXCO is not allocating development capital to its South Texas asset. The Company's acreage in South Texas is approximately 81% held-by-production, which allows EXCO flexibility in the timing of development of this region.
Appalachia / Marcellus - Suspended OperationsGiven current natural gas prices, EXCO is not allocating development capital to its Appalachia asset. One gross Marcellus shale well is expected to be turned-to-sales in the first quarter of 2016 when gathering lines are completed. EXCO’s position in the Marcellus shale requires low maintenance capital and approximately 82% of the acreage is held-by-production, providing the optionality for…
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