EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced that on August 10, 2017 it was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual because the Company’s average global market capitalization fell below $50 million over a [...]
EXCO Resources Inc. (NYSE: XCO) ("EXCO" or the "Company") today announced operating and financial results for second quarter 2017. 2017 Second Quarter Highlights Drilled 11 gross (4.8 net) and turned-to-sales 4 gross (3.5 net) operated horizontal wells in North Louisiana in second quarter 2017. Produced 229 Mmcfe per day, or 21 Bcfe, for second quarter 2017, a decrease of 4% compared to first quarter 2017, primarily due [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2017 results on Tuesday, August 8, 2017, after the market closes. EXCO will host a conference call on Wednesday, August 9, 2017, at 9:00 a.m. (central time) to discuss the results and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 64388280. The conference call will [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced that its Board of Directors (the “Board”) has approved a 1-for-15 reverse share split of its common stock. The Company’s shareholders granted authority to the Board to effect the reverse share split at the Company’s 2017 Annual Meeting of Shareholders on May 31, 2017 (the “Annual Meeting&rdquo [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced operating and financial results for first quarter 2017. 2017 First Quarter Highlights Drilled 4 gross (3.5 net) operated horizontal wells targeting the Haynesville and Bossier shales in North Louisiana in first quarter 2017. Produced 241 Mmcfe per day, or 22 Bcfe, for first quarter 2017, within guidance. GAAP net income was $8 million [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing first quarter 2017 results on Tuesday, May 9, 2017, after the market closes. EXCO will host a conference call on Wednesday, May 10, 2017, at 9:00 a.m. (central time) to discuss the results and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 64387745. The conference call will also [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) announces the execution of a definitive agreement with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR, to divest its oil and natural gas properties in South Texas. The purchase price of $300 million is subject to customary closing conditions and adjustments based on an effective date of January 1, 2017. The properties to be [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the appointment of Randall E. King to its Board of Directors (the “Board”). Effective March 29, 2017, the Board, acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Mr. King as a member of the Board. Mr. King will also serve on the Audit Committee and [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced fourth quarter and full year operating and financial results for 2016. Highlights EXCO delivered operational and financial results within or better than guidance for fourth quarter 2016 and full year 2016. Produced 263 Mmcfe per day, or 24 Bcfe, for fourth quarter 2016 and produced 285 Mmcfe per day, or 104 Bcfe, for full year [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced a series of transactions that will significantly improve its capital structure, including the issuance of $300 million in aggregate principal amount of senior secured 1.5 lien notes due March 20, 2022 ("1.5 Lien Notes") and the exchange of approximately $683 million of senior secured second lien term loans due October 26 [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it is rescheduling the release of its fourth quarter and full year 2016 results and conference call and expects to reschedule the earnings call in the near future. The Company is working on certain refinancing transactions; however, there is no assurance any such transactions will be completed. About EXCO EXCO Resources Inc. is an oil and natural gas exploration [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing fourth quarter and full year 2016 results on Thursday, March 9, 2017, after the market closes. EXCO will host a conference call on Friday, March 10, 2017, at 9:00 a.m. (central time) to discuss the results and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 64386533. The [...]