EXCO-BG ramps up Haynesville gas output

03/01/2010
EXCO Resources Inc. has hiked gross production to 340 MMcfd in its Haynesville shale 50-50 joint venture with BG Group PLC and has begun horizontal drilling in the Marcellus shale.The Haynesville output, tallied on Feb. 7, came from 34 operated wells drilled with an average of seven operated rigs and compared with 7 MMcfd in the 2008 fourth quarter. EXCO-BG holds 107,800 net acres, up 22,800 net core area acres since forming the joint venture.Net Haynesville production was 96 MMcfd as of Feb. 7 compared with 47 MMcfd in the fourth quarter of 2009 and 6 MMcfd in the fourth quarter of 2008.Capital spending for 2010 is budgeted at $255 million net to EXCO to drill 115 operated and 23 nonoper...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected