EXCO Resources (XCO) Misses Q3 EPS by 13c
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EXCO Resources, Inc. Reports Third Quarter 2016 Results
November 1, 2016 4:00 PM EDTDALLAS--(BUSINESS WIRE)-- EXCO Resources, Inc. (NYSE: XCO) (EXCO or the "Company") today announced operating and financial results for the third quarter 2016.
2016 Third Quarter Highlights
Turned-to-sales 3 gross (2.7 net) operated cross-unit Haynesville shale wells in North Louisiana in third quarter 2016. The performance of the wells exceeded expectations with average initial production rates of 21 Mmcf per day on restricted chokes and shallow pressure declines. Produced 288 Mmcfe per day, or 26 Bcfe, for third quarter 2016, above the high-end of guidance, primarily due to strong performance... More