Enverus Blog

Insights across the energy value chain

EXCO announced last week that they agreed to purchase Southwestern Energy’s Haynesville/Bossier Shale properties for $355 million.  The assets include approximately 20,000 net acres and 9 producing wells.  The producing wells are currently grossing more than 51 Mmcf/d, 17 Mmcf/d net, and the acreage should account for over 900 drilling locations in Shelby, San Augustine and Nacogdoches Counties.   The following map shows the permits that Southwestern has filed in the play in the last 365 days.

EXCO Takes Over Southwestern Energy’s Haynesville/Bossier Shale Properties

Back in April EXCO joined BG Group in announcing a joint venture in the acquisition of Common Resources’ Haynesville/Bossier Shale assets and as a result of this agreement BG will also have the opportunity to buy 50% of the acquired Southwestern Energy assets.  According to the press release the Southwestern Energy deal will double their working and net revenue interests in a lot of the acquired Common Resources acreage.  Below is a map from EXCO’s latest investor presentation outlying their EXCO/BG joint venture area of mutual interest.

EXCO Takes Over Southwestern Energy’s Haynesville/Bossier Shale Properties

To learn more visit the EXCO folder or Acquisitions and Divestitures folder in the Unconventional Updates in DI’s DNA.

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Anne Leonard

In January 2015, Anne Leonard headed the team that launched the latest addition to DrillingInfo’s international publications, International Scout Frontier North America which covers the US Gulf of Mexico as well as Maritime and Arctic Canada. She has been reporting on exploration and production for more than 30 years. She began her career in Denver covering the Rocky Mountain Region, and has spent the last 10 years covering the international arena, with a particular focus on Latin America, Africa, Western Europe and the Far East. Anne received her Bachelor of Arts in Journalism from the University of Nebraska.