Exco Resources (NYSE:XCO) Marcellus Shale Joint Venture

Exco Resources Marcellus Shale

According to CEO Douglas Miller, within a couple of weeks Exco Resources Inc. (NYSE:XCO) could announce a joint venture in the Marcellus shale.

Increased drilling in the region by companies like Chesapeake Energy Corp. (NYSE:CHK), Encana Corp. (NYSE:ECA) and Petrohawk Energy Corp. (NYSE:HK) has raised costs, making it more profitable to attract a partner than bear the cost themselves.

Miller didn't release any potential partners in the Marcellus shale play, although he's looking at a number of options before making a final decision.

Exco Resources Marcellus Shale