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EXCO Resources Details 2014 Capital Budget

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December 17, 2013

EXCO Resources, Inc. (NYSE: XCO) deemed its 2014 capital budget of $398 million fit for current commodity prices and the company’s capital structure. About $294 million of the capital budget will go to horizontal drilling development and completion activities, the company added.

Drilling activities in 2014 will concentrate on the South Texas and East Texas/North Louisiana regions. Ninety and 42 horizontal wells, respectively, will be spudded in the areas, according to the company. De Soto Parish, Louisiana’s Holly core project, will see 70% of EXCO’s drilling. Seven units of 4,200-foot ...

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