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Exco Touts Improved Drill Times, Well Costs in Haynesville/Bossier

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Exco Touts Improved Drill Times, Well Costs in Haynesville/Bossier

Exco Resources has reported an update on its third quarter 2013 Haynesville/Bossier Shale operations.

"As of September 30, 2013, our Haynesville/Bossier shale operated production was 782 Mmcf per day gross (300 Mmcf per day net) and with the addition of production from our OBO wells, we had 315 Mmcf per day of total net Haynesville/Bossier shale production. We operated three drilling rigs in the play during the third quarter 2013. We currently have 40 units fully developed in the Haynesville shale in DeSoto Parish. Including the 11 sections acquired from Chesapeake, we have an additional 39 units to be developed in our core DeSoto Parish area. We spud 9 gross (5.1 net) operated horizontal wells during the quarter. In total, we have 429 operated horizontal wells and 190 OBO horizontal…

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