EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the resignation of Wilbur L. Ross from the Company’s Board of Directors (the “Board”) and the appointment of Anthony R. Horton and Stephen J. Toy to the Board. On February 28, 2017, Mr. Ross delivered a letter to the Company stating that, as a result of the confirmation by the U.S. Senate of his appointment [...]
EXCO Resources Inc. today announced that on January 16, 2017, EXCO was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE. Under the NYSE rules, during [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced operating and financial results for the third quarter 2016. 2016 Third Quarter Highlights Turned-to-sales 3 gross (2.7 net) operated cross-unit Haynesville shale wells in North Louisiana in third quarter 2016. The performance of the wells exceeded expectations with average initial production rates of 21 Mmcf per day on restricted chokes [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced changes to its management team. Tyler Farquharson, EXCO’s current Vice President of Strategic Planning, will become EXCO’s acting Chief Financial Officer and Treasurer effective November 2, 2016 following the departure of Chris Peracchi, EXCO’s current Vice President, acting Chief Financial Officer and [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing third quarter 2016 results on Tuesday, November 1, 2016, after the market closes. EXCO will host a conference call on Wednesday, November 2, 2016, 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# 26008725. The conference call [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced the final results and expiration of the previously announced cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”) and the [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced changes to its management team. Chris Peracchi, EXCO’s current Vice President of Finance and Investor Relations, and Treasurer, will become Vice President and acting Chief Financial Officer effective August 22, 2016 following the departure of Richard A. Burnett, EXCO’s current Vice President and Chief Financial [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”) and the consent [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO” or the "Company") today announced operating and financial results for the second quarter 2016. 2016 Second Quarter Highlights Drilled 1 gross (0.9 net) and turned-to-sales 3 gross (2.5 net) operated horizontal wells in North Louisiana in second quarter 2016. Average cost per well decreased 22% to $5.8 million despite the use of 77% more proppant, as compared to prior [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced the commencement of a cash tender offer (the “Tender Offer”) for EXCO’s outstanding 7.500% Senior Notes due 2018 (the “2018 Notes”) and EXCO’s outstanding 8.500% Senior Notes due 2022 (the “2022 Notes” and together with the 2018 Notes, the “Notes”). The combined amount of 2018 Notes and 2022 [...]
NEW YORK, July 11, 2016 /PRNewswire/ -- On Friday, July 08, 2016, the NASDAQ Composite ended the trading session at 4,956.76, up 1.64%; the Dow Jones Industrial Average advanced 1.40%, to finish at 18,146.74; and the S&P 500 closed at 2,129.90, up 1.53%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: EOG Resources Inc. (NYSE [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2016 results on Tuesday, August 2, 2016, after the market closes. EXCO will host a conference call on Wednesday, August 3, 2016, 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# 26008691. The conference call will [...]