EXCO Resources reported that one of its midstream subsidiary’s pipelines leading into the DCP Midstream gas processing plant in Carthage, Texas was damaged in the explosion involving several pipelines at the plant on Wednesday, February 11, 2009.

It appears that the explosion and fire originated in an area in which several lines converged, including EXCO’s line. We are working with DCP and other affected pipeline companies to investigate this incident. EXCO and its insurance carriers are participating in an assessment of total damages arising from this incident.

EXCO’s midstream operations were initially slightly impacted, but have been operating at full capacity since Tuesday, February 17, 2009. There has been an immaterial impact on EXCO’s upstream production operations.

Tags: EXCO Resources