DALLAS, Jul 08, 2011 (BUSINESS WIRE) —

The Special Committee of the Board of Directors of EXCO Resources, Inc. (NYSE: XCO) today announced that it has concluded its review of strategic alternatives to maximize shareholder value which commenced in January 2011.

The Special Committee stated, “We conducted a thorough review of strategic alternatives available to the Company. As that process did not result in a transaction the Special Committee determined is in the best interests of the Company and all of its shareholders, the Special Committee has decided to terminate the process. We appreciate the support and dedication of EXCO’s management team and employees during the review process and look forward to the Company’s continued progress.”

The Special Committee was formed in November 2010 following the receipt of an unsolicited conditional acquisition proposal from EXCO Chairman and CEO Douglas H. Miller to acquire all outstanding EXCO shares for $20.50 per share in cash. In January 2011, the Special Committee announced it was undertaking a comprehensive review of strategic alternatives available to EXCO with the assistance of independent financial and legal advisors. In addition to considering Mr. Miller’s proposal as part of that process, the Special Committee solicited third parties regarding their potential interest in acquiring EXCO and considered other strategic alternatives, including remaining as an independent public company.

In addition to Mr. Miller’s original proposal, on July 6, 2011, Mr. Miller submitted a written proposal for a possible transaction in which he and certain indicated financing sources (who collectively hold a significant minority percentage of EXCO’s outstanding common shares) would acquire by merger an approximately 81% interest in EXCO’s common equity at a stated purchase price of $18.50 per share, with each EXCO shareholder receiving $13.52 per share (or approximately 73% of the purchase price) in cash as well as equity in the post-transaction EXCO with a stated value of $4.98 per share (or approximately 27% of the purchase price), subject to rights of election and pro ration. As part of the financing for the proposed transaction, Mr. Miller’s proposal contemplated the issuance of $300 million of perpetual convertible preferred stock which, if not successfully issued, would result in an adjustment to the cash and stock mix received by EXCO shareholders. Mr. Miller indicated he believed he would likely be able to finance the transaction but he did not provide any financing commitments, nor did his proposal outline the terms by which his potential investors would govern EXCO and what rights and protections would be offered to the remaining publicly held interest in EXCO.

After consultation with its independent financial and legal advisors, the Special Committee determined that its review of strategic alternatives, including its consideration of Mr. Miller’s proposals, has not resulted in any firm proposal or any other proposal that the Special Committee determined was in the best interests of the Company and all of its shareholders. The Special Committee also determined it was not reasonably likely to receive any such proposal in the near term. Accordingly, the Special Committee concluded that it is in the best interests of EXCO and all of its shareholders to terminate the review process at this time.

Barclays Capital Inc. and Evercore Partners have been serving as financial advisors to the Special Committee and Kirkland & Ellis LLP and Jones Day have been providing legal counsel.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Forward-Looking Statements

This release may contain forward-looking statements relating to future financial results, business expectations and business transactions. Business plans may change as circumstances warrant. Actual results may differ materially from those predicted as a result of factors over which EXCO has no control. Such factors include, but are not limited to: estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors and additional information are included in EXCO’s reports on file with the Securities and Exchange Commission. Neither EXCO nor the Special Committee undertakes any obligation to publicly update or revise any forward-looking statements.

SOURCE: EXCO Resources, Inc.

Sard Verbinnen & Co.
George Sard/Andrew Cole/Lesley Bogdanow
212-687-8080

DALLAS, Jul 11, 2011 (BUSINESS WIRE) — As previously announced, the Special Committee of the Board of Directors of EXCO Resources, Inc. (NYSE: XCO) has terminated its review of strategic alternatives to maximize shareholder value. In light of this development, EXCO intends to release after market close on Tuesday, July 12, 2011, updated investor materials including financial, operating and reserve information. EXCO will host a conference call on Wednesday, July 13, 2011, at 10:00 a.m. (Dallas 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 #82762005. The conference call will also be webcast on EXCO’s website at http://www.excoresources.com under the Investor Relations tab.

Douglas H. Miller, Chairman and Chief Executive Officer of EXCO Resources commented, “The proposal initiated by me in 2010 assumed an all-equity financed transaction. Due to the length of the process, current market conditions, including volatility in natural gas prices, and other factors, I was unable to obtain or retain sufficient equity investments to complete the process. I could possibly have completed the financing with debt, however I believe such an approach would not have been in the best interest of the Company. EXCO is continuing its outstanding growth record. During the duration of the process, we grew production by 55% and made three acquisitions totaling approximately $385 million consisting primarily of undrilled acreage. These strategic acquisitions increased our revenue interest in certain existing Haynesville/Bossier Shale locations and added approximately 900 gross undrilled locations in the Marcellus Shale. We are finalizing our production and financial targets for the remainder of the year, however we currently expect full year 2011 annual production growth of approximately 60% as compared to 2010. I appreciate the support and dedication of our management team and employees during the process and look forward to EXCO’s continued growth.”

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at http://www.excoresources.com. EXCO’s SEC filings and press releases can be found under the Investor Relations tab.

Forward-Looking Statements

This release may contain forward-looking statements relating to future financial results, business expectations and business transactions. Business plans may change as circumstances warrant. Actual results may differ materially from those predicted as a result of factors over which EXCO has no control. Such factors include, but are not limited to: estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors and additional information are included in EXCO’s reports on file with the Securities and Exchange Commission. EXCO does not undertake any obligation to publicly update or revise any forward-looking statements.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, Chairman, 214-368-2084
or
Stephen F. Smith, President, 214-368-2084

DALLAS, Jul 14, 2011 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2011 results on Tuesday, August 2, 2011, after market close.

EXCO will host a conference call on Wednesday, August 3, 2011, at 9:00 a.m. (Dallas 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# 83127029. The conference call will also be webcast on EXCO’s website at www.excoresources.com under the Investor Relations tab. Presentation materials related to this release will be posted on EXCO’s website on Tuesday, August 2, 2011, after market close.

A digital recording will be available starting two hours after the completion of the conference call until 11:59 p.m., August 17, 2011. Please call (855) 859-2056 and enter conference call ID# 83127029 to hear the recording. A digital recording of the conference call will also be available on EXCO’s website.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at www.excoresources.com. EXCO’s SEC filings and press releases can be found under the Investor Relations tab.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President
www.excoresources.com

DALLAS, Jul 27, 2011 (BUSINESS WIRE) — The Special Committee of the Board of Directors of EXCO Resources, Inc. (NYSE: XCO) today announced that the Special Committee and the Company have entered into a new, extended standstill agreement with WL Ross & Co. LLC. The new standstill agreement replaces and supersedes the confidentiality and standstill agreement entered into with WL Ross on February 3, 2011 as part of the Special Committee’s strategic review process. As previously announced, the Special Committee concluded the strategic review process on July 8, 2011.

The new standstill agreement with WL Ross increases the percentage of EXCO’s outstanding common shares that WL Ross can beneficially own to 20% from the approximately 10% effectively allowed under the original confidentiality agreement. The new standstill agreement with WL Ross protects the interests of EXCO’s public shareholders by extending the standstill agreement until February 3, 2013. The original agreement with WL Ross was scheduled to expire on May 3, 2012. The new standstill agreement requires WL Ross and its affiliates to remain passive investors and prohibits them from engaging in certain activities, including the following:

Entering into any agreement, arrangement or understanding, or joining any group, with any third party for the purpose of acquiring, holding, voting or disposing of EXCO’s equity securities or to otherwise act in concert with respect to EXCO’s equity securities
Acquiring any derivative securities that would increase their economic or voting interest in EXCO above the 20% limit described above
Making any public offer to acquire control of EXCO
Soliciting proxies in connection with any offer to acquire control of EXCO or for any director nominee other than the Company’s nominees
Making any public shareholder proposal with respect to EXCO
Advising, assisting, encouraging or providing financing to any other person or group undertaking or seeking to undertake any of the foregoing actions
The Special Committee or the Company may, from time to time, enter into similar extended standstill agreements with other parties who participated in the strategic review process.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Forward-Looking Statements

This release may contain forward-looking statements relating to future financial results, business expectations and business transactions. Business plans may change as circumstances warrant. Actual results may differ materially from those predicted as a result of factors over which EXCO has no control. Such factors include, but are not limited to: estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors and additional information are included in EXCO’s reports on file with the Securities and Exchange Commission. Neither EXCO nor the Special Committee undertakes any obligation to publicly update or revise any forward-looking statements.

SOURCE: EXCO Resources, Inc.

Sard Verbinnen & Co.
George Sard/Andrew Cole/Lesley Bogdanow
212-687-8080

DALLAS, Aug 05, 2011 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors has authorized the reinstatement of its share repurchase program that will enable EXCO to purchase up to a total of $200,000,000 of its shares of common stock. EXCO had previously suspended its repurchase program in connection with the former proposal from our Chairman and Chief Executive Officer to purchase all of our outstanding common stock and the special committee’s review of strategic alternatives. Given the termination of the strategic review process, EXCO’s Board of Directors deemed it appropriate to reinstate the program. Prior to the suspension of the program, EXCO had repurchased $7.5 million of its shares of common stock. As a result, $192.5 million remains available for future share repurchases.

Any repurchases would be made in the open market, in privately negotiated transactions or in structured share repurchase programs, and may be made from time to time or in one or more larger repurchases. The program will be conducted in compliance with the Securities and Exchange Commission’s Rule 10b-18 and applicable legal requirements and shall be subject to market conditions and other factors. The program does not obligate EXCO to acquire any common stock, or any particular amount of common stock, and the program may be modified or suspended at any time at EXCO’s discretion. The repurchases would be funded from available cash or borrowings under existing debt facilities.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at http://www.excoresources.com. EXCO’s Securities and Exchange Commission filings and press releases can be found under the Investor Relations tab.

This press release contains certain forward-looking statements, including statements regarding the timing and manner of share repurchases and the sources of funds for the repurchase program.The forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to be materially different from expectations, including, without limitation: general economic conditions, regulatory changes, fluctuations in EXCO’s stock price, and EXCO’s financial performance.A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in EXCO’s reports on file with the Securities and Exchange Commission.EXCO undertakes no obligation to publicly update or revise any forward-looking statements.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President

DALLAS, Aug 22, 2011 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE: XCO) today announced that the Board of Directors has determined to accelerate the expiration date of its shareholder rights plan from the close of business on January 24, 2012 to the close of business on September 30, 2011. In January 2011, the Company adopted a shareholder rights plan at the direction of the Special Committee of the Board of Directors to enhance the ability of the Special Committee to conduct a thorough, deliberative process of exploring the Company’s strategic alternatives. In light of the recent conclusion of the strategic review process, the Board determined it was appropriate to accelerate the expiration of the shareholder rights plan. The Board also determined that parties who had previously entered into a confidentiality agreement containing standstill provisions in connection with the strategic review process will be afforded the opportunity to enter into new agreements that would permit the purchase of additional shares of the Company’s common stock. The new standstill agreements would expire on September 30, 2011.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at www.excoresources.com. EXCO’s Securities and Exchange Commission filings and press releases can be found under the Investor Relations tab.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President
www.excoresources.com

DALLAS, Sep 01, 2011 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a third quarter cash dividend of $0.04 per share. The dividend is payable on September 30, 2011 to holders of record on September 15, 2011.

Any future declaration of dividends, as well as the establishment of record and payment dates, is subject to the approval of EXCO’s Board of Directors.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at http://www.excoresources.com. EXCO’s SEC filings and press releases can be found under the Investor Relations tab.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President

Home

DALLAS, Oct 05, 2011 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing third quarter 2011 results on Tuesday, November 1, 2011, after market close.

EXCO will host a conference call on Wednesday, November 2, 2011, 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# 16833223. The conference call will also be webcast on EXCO’s website at http://www.excoresources.com under the Investor Relations tab. Presentation materials related to this release will be posted on EXCO’s website on Tuesday, November 1, 2011, after market close.

A digital recording will be available starting two hours after the completion of the conference call until 11:59 p.m., November 16, 2011. Please call (800) 585-8367 or (855) 859-2056 and enter conference call ID# 16833223 to hear the recording. A digital recording of the conference call will also be available on EXCO’s website.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at http://www.excoresources.com. EXCO’s SEC filings and press releases can be found under the Investor Relations tab.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President

DALLAS, Nov 08, 2011 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an increase in the borrowing base from $1.5 billion to $1.6 billion. Currently, $1.0 billion is drawn under the revolving credit agreement. The next re-determination of the borrowing base is scheduled to occur on April 1, 2012.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO’s website at www.excoresources.com. EXCO’s SEC filings and press releases can be found under the Investor Relations tab.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President
www.excoresources.com

DALLAS, Nov 17, 2011 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a fourth quarter cash dividend of $0.04 per share. The dividend is payable on December 15, 2011 to holders of record on November 30, 2011.

Any future declaration of dividends, as well as the establishment of record and payment dates, is subject to the approval of EXCO’s Board of Directors.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman
or
Stephen F. Smith, 214-368-2084
President
www.excoresources.com