Published: April 22, 2010
EXCO Resources, Inc. Comments on Well Control Event
DALLAS - (BUSINESS WIRE) - EXCO Resources, Inc. (NYSE: XCO) ("EXCO" ) commented today on a well
control event in Caddo Parish, Louisiana. EXCO encountered an unexpected
gas flow in a well being drilled on April 18, 2010 at a depth of 1,533
feet, and control of the well was established with standard contingency
measures. No injuries or damage to drilling equipment occurred. All
appropriate state, federal and local officials were promptly notified of
the event and have worked continuously with EXCO to ensure the safety of
the public and the environment. The source of the unexpected gas flow is
under evaluation, and plugging and abandonment procedures are underway.
An investigation into any water quality issues is ongoing by the
Louisiana Department of Environmental Quality and the Louisiana
Department of Health & Hospitals, with the cooperation and assistance of
EXCO. As a precaution, homes in the immediate vicinity of the well were
voluntarily evacuated. Testing is being conducted with the goal of
returning the families to their homes as quickly as possible. EXCO is
providing accommodations for the families and also providing for their
living expenses.
EXCO's Chief Operating Officer, Harold L. Hickey, commented: "Our focus
in this situation has been the safety of the families, our employees and
contractors in the immediate area. We are grateful for the patience and
understanding of the families and pledge to get them back into their
homes quickly and safely. We are also extremely grateful for all the
help and cooperation of the Sheriff's Department of Caddo Parish, the
Louisiana State Police and all the local and state law enforcement and
public safety officials, the Louisiana Department of Health & Hospitals,
the Louisiana Department of Natural Resources, the Department of
Homeland Security and the Department of Environmental Quality."
EXCO Resources, Inc. is an oil and natural gas exploration,
exploitation, development and production company, headquartered in
Dallas, Texas with principal operations in East Texas, North Louisiana,
Appalachia, and West Texas.
Inquiries concerning the contents of this release may be obtained by
contacting EXCO's President, Stephen F. Smith, or its Vice President and
Chief Operating Officer, Harold L. Hickey, at EXCO's headquarters, 12377
Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214)
368-2084.
EXCO Resources, Inc.
Stephen F. Smith, 214-368-2084
President
or
Harold
L. Hickey, 214-368-2084
Vice President and Chief Operating Officer
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