EXCO Resources Inc.

EXCO Resources Inc. (NYSE:XCO) (“EXCO†or the “Companyâ€) and a wholly owned subsidiary of Bluescape Resources Company LLC (“Bluescapeâ€) announce the execution of a Services and Investment Agreement (the “Agreementâ€). Highlights include: C. John Wilder, Executive Chairman of Bluescape Resources Company LLC, will join EXCO’s Board of Directors and become EXCO’s Executive Chairman (following the closing); Harold L. Hickey, EXCO’s President and Chief Operating Officer, has been... [...]

EXCO Resources Inc. (NYSE: XCO) (the “Company”) today announced that the Company will participate in the 43rd Annual Scotia Howard Weil Energy Conference in New Orleans, Louisiana. Hal Hickey, President and COO, and Ricky Burnett, Vice President, CFO and CAO, will present at the conference on Thursday, March 26, 2015. The presentation for the conference will be posted to the Company’s website at www.excoresources.com in [...]

EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced that it has filed a post-effective amendment to its existing automatic shelf registration statement, filed with the Securities and Exchange Commission (the “SEC”) on January 30, 2014 (the “Original Registration Statement”), related to the resale of shares of EXCO’s common stock held by certain selling shareholders (the “Selling Shareholders”). EXCO filed the Original [...]

EXCO Resources Inc. (NYSE: XCO) (“EXCO”) today announced fourth quarter and full year operating and financial results for 2014. Adjusted EBITDA was $81 million for the fourth quarter 2014 and $391 million for the full year 2014. Production was 31 Bcfe, or 340 Mmcfe per day, for the fourth quarter 2014 and 136 Bcfe, or 372 Mmcfe per day, for the full year 2014. SEC proved reserves and PV-10 totaled 1.3 Tcfe and $1.5 [...]

EXCO Resources Inc. (NYSE: XCO) (“EXCO”, the “Company” or “we”) today announced that it has amended the Amended and Restated Credit Agreement (the “Credit Agreement”) to provide EXCO the financial flexibility to selectively develop its asset base while deferring a significant amount of the Company’s drilling inventory until commodity prices improve. The Credit Agreement was amended to: remove the total consolidated [...]

EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing fourth quarter and full year 2014 results on Tuesday, February 24, 2015, after market close. EXCO will host a conference call on Wednesday, February 25, 2015, at 9:00 a.m. (Central Time) to discuss the contents of this release and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID [...]

EXCO Resources Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that its Board of Directors has suspended the cash dividend to provide additional funds to reinvest into the Company. Jeff Benjamin, EXCO’s chairman commented, “In view of the recent decline in oil prices and oil and natural gas companies’ securities, the Board believes that EXCO’s shareholders will be better served by reinvesting in our business [...]

EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today closed the previously announced sale of its 25.5% interest in Compass Production Partners, LP and its 50% interest in Compass Production GP, LLC to an affiliate of Harbinger Group, Inc. (NYSE: HRG) (“Harbinger”) for $118.75 million in cash. The sale had an effective date of August 1, 2014. EXCO’s cash proceeds were applied to reduce the balance on its revolving commitment [...]

EXCO Resources Inc. (NYSE: XCO) (“EXCO”) today announced operating and financial results for the third quarter 2014. Adjusted EBITDA was $94 million for the third quarter 2014, which exceeded the mid-point of guidance. Production was 33 Bcfe, or 358 Mmcfe per day, for the third quarter 2014, which was within our guidance. Drilled 26 gross (11.6 net) and completed 21 gross (6.8 net) operated horizontal shale wells [...]

EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced that the lenders under EXCO’s Amended and Restated Credit Agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an increase in the borrowing base from $875 million to $900 million. Jeff Benjamin, EXCO’s chairman, commented, “The increase to our borrowing base demonstrates the quality of our assets. This increase, combined [...]