Production volumes during the three months ended December 31, 2013 were 19.4 Bcfe, an increase of 8.4 Bcfe or approximately 77% from fourth quarter 2012 production.
Monthly drilling productivity report is now being published.
The project is designed to support Haynesville and Cotton Valley oil and gas producers by providing enhanced access to the world’s largest NGL fractionation complex in Mont Belvieu, Texas.
Exco is adding the equivalent of 6,100 barrels of oil production a day in the Eagle Ford and 114 million cubic feet of natural gas in the Haynesville, the company said in a statement.
Company will increase focus on high margin oil plays and Haynesville shale.
In the Anadarko Basin, the company completed a Granite Wash well with an average gross production rate of over 1,140 BOEPD (71% oil) for the first 90 days of production
The cost of the East Texas Beckville Plant Project is estimated at $140 million.
Challenging fundamentals are forecast to make an incremental change for the better.
Analysts worry the company may be struggling with liquids.
Company executive gives brief tell-all to NAPE audience.