EXCO Resources (XCO) Tops Q2 EPS by 2c
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EXCO Resources, Inc. Reports Second Quarter 2016 Results
August 2, 2016 4:19 PM EDTDALLAS--(BUSINESS WIRE)-- EXCO Resources, Inc. (NYSE: XCO) (EXCO or the "Company") today announced operating and financial results for the second quarter 2016.
2016 Second Quarter Highlights
Drilled 1 gross (0.9 net) and turned-to-sales 3 gross (2.5 net) operated horizontal wells in North Louisiana in second quarter 2016. Average cost per well decreased 22% to $5.8 million despite the use of 77% more proppant, as compared to prior year. Produced 296 Mmcfe per day, or 27 Bcfe, for second quarter 2016, consistent with first quarter 2016.... More