June 26th Event Will Showcase EXCO's Newly Constructed Haynesville Shale Field Office and Plans for EXCO's Haynesville Shale Gas Gathering and Treating Facility
DALLAS--(BUSINESS WIRE)--Jun. 22, 2009--
EXCO Resources, Inc. (NYSE: XCO) announced today they will be hosting an
event on June 26, 2009 to unveil their newly constructed Haynesville
Shale Field Office and break ground on a new, state-of-the-art
Haynesville Shale Gas Gathering and Treating Facility. The event will be
held at the new EXCO Field Office located at 8451 Highway 175, Grand
Cane, Louisiana, beginning at 11:00 A.M.
EXCO Resources has quickly become a leading producer in the Haynesville
shale play in Louisiana and currently has 9 operated horizontal wells
and 8 operated vertical wells drilled and completed. There are also
plans to start drilling and completing 21 more operated horizontal wells
by the end of 2009. “We are very excited about the success we have
achieved in the Haynesville shale and have committed over 2/3 of our
2009 drilling and completion budget to continue developing the 85,000
net acres we have in the play,” said Doug Miller, Chairman and CEO of
EXCO Resources, who went on to say, “In addition to our production and
development plans, we are committed to spend over $100 million in 2009
on our midstream business to add treating capability and throughput
capacity in excess of 500 million cubic feet of natural gas per day by
early 2010 in our Haynesville shale area.”
To accommodate operations of its existing fields and exploitation of its
significant acreage position in northern DeSoto Parish, EXCO acquired a
site and constructed a new field office on State Highway 175 near Grand
Cane. This new 10,400 square foot office in now headquarters for EXCO’s
northwest Louisiana operations and houses nearly 50 EXCO employees who
currently operate 360 wells in the area.
About EXCO Resources, Inc.
EXCO Resources, Inc. is an oil and natural gas exploration,
exploitation, development and production company headquartered in
Dallas, Texas with principal operations in East Texas, North Louisiana,
Appalachia, West Texas and the Mid-Continent. For more information,
please visit the EXCO Resources website at www.excoresources.com.
This event is by invitation only. For more information or for interview
opportunities, please contact Jeff Smith/Smith & Sacco Public Relations
at 713/627-8777 or tourtell@sbcglobal.net.
DIRECTIONS TO EXCO FIELD OFFICE
(For media only)
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From Shreveport, LA:
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Take I-49 SSE for approximately 15 miles to EXIT 186
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Turn South onto HWY 175
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Traveling South on HWY 175, go 2.8 miles to the EXCO Facility on the
Left
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From Alexandria, LA:
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Take I-49 NNW for approximately 85 miles to EXIT 186
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Turn South onto HWY 175
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Traveling South on HWY 175, go 2.8 miles to the EXCO Facility on the
Left
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From Mansfield, LA:
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From the Intersection of HWY 84 and HWY 175
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Travel North on HWY 175 for 11 miles
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EXCO Facility will be on the right
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Source: EXCO Resources, Inc.
Smith & Sacco Public Relations
Jeff Smith, 713-627-8777
tourtell@sbcglobal.net