EXCO’s 2Q12 Results: Continues Commitment to the Marcellus
EXCO Resources reported their second quarter results yesterday. Current production in the Marcellus for EXCO was 146 million cubic feet of gas per day, a 28% increase since the end of 2011. Their 2012 plan is to drill a total of 49 wells in the Marcellus, the majority of them in Lycoming County, PA where EXCO says it is “realizing our best returns in the Marcellus shale.” EXCO is currently using only one rig for Marcellus drilling.
Below are the Marcellus-related portions of yesterday’s announcement: