EXCO Resources Inc (EXCE)

[RainmanOregon]

Exco Resources reports death of plant worker

Associated Press June 6, 2011 05:47 AM Copyright Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Monday, June 6, 2011
(06-06) 05:47 PDT NEW YORK, (AP) --

Natural gas producer Exco Resources says one of its employees died and another contract worker was injured in what it calls an incident at one of its treatment plants last month in northwestern Louisiana.

The Dallas company reported Monday that it has halted service at the TGGT Holdings facilities in Red River Parrish. Operations at another TGGT facility in DeSoto Parrish also were shut down as a precaution.

TGGT is jointly owned by Exco and BG Group.

Exco said the incident occurred on May 28. Since then, the company has notified authorities and rerouted most of its natural gas production to alternate facilities at a cost of $35,000 per day in extra transportation charges.

The shutdown cut the company's production by about 80-100 million cubic feet per day for six days. About 10-20 million cubic feet per day of production remains on hold, awaiting space on other pipelines.

The company said production interruptions at the facilities could continue for several more weeks.

Shares fell 25 cents, or 1.3 percent, to $19 in pre-market trading.



Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/06/06/financial/f045008D16.DTL#ixzz1OdKvZ0WF