EXCO Resources seems to be rather quiet in all the HS hoopla. Their SEC filings say they are planning 3 wells in the HS for 2008. And about 14 verticals. Anyone heard anything else? Are the big players tying up the limited number of companies that can drill a horizontal? We own property in sections 12, 13, 24, and 25. T14N-R13W. From what I can tell from here (Illinois)EXCO has quite a leasehold in this area and most landowners are HBP in the CV formation. Would this not be a good place to drill the shale since it would not involve the huge bonus payments?
Tags: Desoto, EXCO, Winchester