EXCO to Increase Rig Count In Texas, Louisiana Shale Plays

摘要

Boosted by funding from joint venture (JV) partner BG Group plc, EXCO Resources Inc. said last week it would in-crease its natural gas-directed onshore rig count by four to 17 in the first three months of 2010. Most of the drilling is to target East Texas and North Louisiana. "We currently have 13 operated drilling rigs across our portfolio, and we anticipate that this will increase to 17 during the first quarter," EXCO said. However, the Dallas-based inde-pendent said the rig count is expected to remain flat for the rest of next year.