PermianWe drilled and completed 9 gross (8.8 net) wells in our Sugg Ranch area during the third quarter 2012 with 89% drilling success. We are currently running one operated rig and plan to drill and complete 36 gross (35.2 net) wells in 2012. Economics for this drilling activity typically have rates-of-return in excess of 50%. In the third quarter, our production averaged approximately 4,100 barrels per day of net oil equivalents which was essentially flat with the third quarter 2011. This average production rate consisted of 1,500 net barrels of oil, 6,900 net Mmcf of natural gas, and 1,400 net barrels of natural gas liquids per day.
EXCO Resources, Inc. Reports Third Quarter 2012 Results
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