Thursday, September 13, 2012

Exco Resources sells $375M in assets - Dallas Business Journal:

kleopatraxnibe.blogspot.com
The sale, which is expected to be completer byAugust 2009, includes Dallas-based Exco Norge Marchland Unit in Grady County, Okla., as well as its Gladewaterd Field and Overton Field assets in Upshur and Smith counties. Other assets included in the sale are locatefdin Oklahoma, Kansas and in the Texaws Panhandle. The properties includedf in the sale will provide Encorr Operating LPwith 4.7 millioh barrels of oil and 148 billiomn cubic feet of natural gas or 176 billion cubic feet of natural gas equivalent, Exco Resources said. The net production levels are know n toreach 1,223 barrels of oil each day and 26.9 million cubix feet of natural gas per day.
Fort Worth-based Encore Operating LP, which is an oil and gas field exploration company, will be acquiring 66,700 net acresx as well as various gathering systems in the

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