Produksi gas dari lahan Vernon di Jackson Parish, La., telah stabil di 130 MMcfd net dari gas yang sama untuk 8 bulan yang lalu sejak EXCO Resources Inc., Dallas, memperoleh lahan dari Anadarko Petroleum Corp. pada Bulan Maret 2007 sebesar 1.5 milyar dolar.
EXCO said it has 280 drilling locations at Vernon compared with 15 identified at the time of the acquisition. The field produces from the Jurassic Lower Cotton Valley formation.
One recent completion flowed 10.3 MMcfd of gas equivalent, the highest initial production rate from a new well since the acquisition, EXCO said. Six wells drilled and completed in the quarter ended Mar. 31 averaged initial production rates of 6.5 MMcfd of gas equavalent.
EXCO is adding a fourth rig at Vernon and plans to drill 31 wells there in 2008. It has expanded the field’s southern and western limits and is reprocessing seismic as it evaluates another 65,000 net prospective acres.