EXCO presses Haynesville, evaluates Bossier

02/07/2011
EXCO Resources Inc., Dallas, plans to run 22 operated rigs throughout 2011 in East Texas and North Louisiana exploiting the Haynesville shale on part of its 76,000 net acre holding.However, current contracts allow the company to shed half those rigs by August if product pricing does not meet its economic hurdles.Of the $782 million capital budget, $683 million will go to drill and complete 233 gross (65.2 net) horizontal shale wells, 163 operated and 70 nonoperated. The company drilled and completed 92 gross operated wells in 2010 with 100% success.Development is concentrated in DeSoto Parish, La., and the recently acquired Shelby Trough area in East Texas. DeSoto development is on 80-acr...
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