We drilled and completed 19 gross (7.0 net) operated horizontal Haynesville wells and participated in 2 gross (0.2 net) OBO Haynesville horizontal wells during the third quarter 2012. We utilized an average of five operated rigs and spud 10 operated horizontal wells during the quarter. We averaged one OBO rig drilling in the play and spud one OBO well during the quarter. We currently have no OBO rigs drilling. In total, we have 358 operated horizontal wells and 184 OBO horizontal wells flowing to sales.The average initial production rate from our operated Haynesville horizontal wells completed in the third quarter 2012 in DeSoto Parish was 12.7 Mmcf per day with an average 7,754 psi flowing casing pressure on an average 18/64ths choke. This maximum choke size is indicative of our modified restricted choke management program in DeSoto Parish. We have completed 51 wells in eight development units in 2012 in DeSoto Parish and all of the wells have been managed with this modified choke program. Our well performance has been very consistent. The average initial production rate for all 51 wells completed in 2012 in DeSoto Parish was 12.8 Mmcf per day with an average 7,875 psi flowing casing pressure on an average 18/64ths choke.
EXCO Resources, Inc. Reports Third Quarter 2012 Results
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