Replies to post #245 on EXCO Resources Inc (EXCE)

[Timothy Smith]

The board has approved an operated drilling and completion capital budget of $70M for drilling nine gross wells through the first half of 2016, and completing 18 gross wells through Aug. 2016, This compares to $171M through Aug. 2015.

Development next year will be focused on natural gas drilling and completion activities in North Louisiana and East Texas where the company is targting 20-35% rates of return.