EXCO Resources (XCO) has 80,000 net acres under lease in the Haynesville Shale and recently reported on its operations there during the second quarter of 2010. The company is involved in a joint venture with BG Group (BG), and is focused on developing acreage in De Soto and Caddo parish, and in the Shelby Trough in East Texas.
EXCO Resources operated eighteen rigs in the Haynesville Shale during the second quarter of 2010, and plans to increase this to twenty-two rigs by the end of 2010. The company plans to drill 140 operated wells in the Haynesville Shale in 2010.
EXCO Resources reported net production of 128 million cubic feet equivalent per day from the Haynesville Shale during the second quarter of 2010. This production increased to 160 million cubic feet equivalent per day by August 3, 2010.