Exco Resources Inc.

Transaction Type
Powder River, Wind River
Post Date
Close Date
Estimated Price

Exco Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell certain assets in 10 Wyoming counties. The package includes 72 producing properties plus associated leasehold all operated by Exco except for two wells. Net proved reserves are 6.9 million barrels of oil equivalent. Estimated January net production is 227 barrels equivalent per day. Estimated net cash flow for January is $78,200. The producing assets include ownership in the Boone Dome compression and gathering system. The assets also include approximately 70,000 net undeveloped acres in the Powder River and Wind River Basins adjacent to or nearby established production, with Exco controlling the majority of acreage. The acreage involves federal, state and fee leases with high net revenue interests with substantial term left on leases not held by production. Most leases cover all depths. The bid due date is May 21. The effective date is Jan. 1. Closing is expected by June 24. Contact Julia Foster, 303-721-6354, ext. 229.