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EXCO Resources, Inc. Announces Acquisition of Marcellus Shale Properties from Chief Oil & Gas

DALLAS, Dec 21, 2010 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced the acquisition of properties prospective for the Marcellus shale from Chief Oil & Gas LLC and related parties (“Chief”) for approximately $459.4 million, after preliminary purchase price adjustments at the closing. The parties agreed to close the transaction into an escrow account pending receipt of a waiver from a third party, which is expected to be obtained by January 14, 2011. The transaction has an effective date of July 1, 2010.

The assets are located within the area of mutual interest established by the existing Appalachian joint venture with BG Group, plc (LSE: BG.L) (“BG Group”). BG Group has the right to purchase 50% of this acquisition. Assuming BG Group elects to participate, the development of these assets would be governed by our Appalachian joint venture. The purchase price was financed with borrowings under EXCO’s credit agreement.

The assets include producing properties with current gross production of approximately 40 Mmcf per day (16 Mmcf per day net) from 15 producing wells, 11 wells currently awaiting completion and over 50,000 net acres prospective for the Marcellus shale located primarily in Lycoming and Sullivan Counties in Northeastern Pennsylvania.

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.

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 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

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EXCO Resources, Inc. Announces 2011 Capital Budget

DALLAS, Nov 29, 2010 (BUSINESS WIRE) —

The Board of Directors of EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) has approved a capital budget of $976.2 million for 2011 of which $768.9 million is allocated to development and completion activities. This capital program maintains our current level of activity reflecting our 2010 acquisitions in the Shelby Trough and expansion of our development and exploration activities in Appalachia. The resulting production growth is expected to be in excess of 40% as compared to our 2010 production levels. The capital budget, which is net of an estimated $125.0 million carry by BG Group plc (LSE: BG.L) (“BG Group”) for certain drilling and completion spending in our Appalachian joint venture area, is allocated among our different budget categories as follows:

(Dollars in millions)
Drilling and Completion $ 768.9
Gathering/Water Pipelines/Field Operations 79.2
Land 58.5
Seismic 11.4
Corporate and Other (Includes $34.8 million of capitalized interest) 58.2
Total $ 976.2

In addition, we expect to receive approximately $73.0 million from BG Group upon election to participate in certain leasing activities and acquisitions closed prior to 2011.

We currently have 25 operated drilling rigs across our portfolio. Of our expected 2011 average rig count of 27, 14 rigs are on short term contracts which enable us to adjust our drilling program if commodity prices decline below those required to generate appropriate rates of return. Details of our plans within the various divisions are presented below:

(Dollars in millions) Number of Gross Wells Number of Net Wells Drilling Capital Other Capital Total Capital
East Texas/North Louisiana 233 65.7 $ 683.0 $ 98.8 $ 781.8
Appalachia 64 22.7 37.9 44.9 82.8
Permian 72 69.8 48.0 5.4 53.4
Corporate and Other — — — 58.2 58.2
Total 369 158.2 $ 768.9 $ 207.3 $ 976.2

East Texas/North Louisiana Joint Venture (JV):

We plan to spend a total of $757.0 million net to EXCO within our East Texas/North Louisiana JV with BG Group, of which $683.0 million will be spent for drilling and completion costs, $29.8 million for lease acquisitions, $41.8 million for operations projects, and $2.4 million for seismic data acquisition.

We are primarily drilling Haynesville shale targets, and we plan to have 22 operated drilling rigs within this JV area throughout the year. These rigs should allow us to drill and complete 163 gross (58.7 net) operated wells targeting the Haynesville shale. In addition, we plan to participate in 70 gross (7.0 net) wells operated by others. Of our 22 operated drilling rigs, 15 will drill in our Holly area in DeSoto Parish and southern Caddo Parish, Louisiana. Virtually all of our drilling in this area will be full development on 80 acre spacing utilizing multi-well pads. Seven rigs will drill in our Shelby Trough area which includes Nacogdoches, San Augustine and Shelby Counties, Texas. Drilling in this area will be focused on holding leases and delineating our acreage. In particular, we will be focusing some of our efforts in an area which has yielded initial production rates in excess of 30 Mmcf per day. Our 2011 plans are expected to fulfill all of our lease obligations. In addition, we will also be making investments in operating facilities, roads and water handling projects.

Appalachia Joint Venture (JV):

The capital budget program net to EXCO for our Appalachia JV with BG Group totals $82.7 million, of which $37.8 million will be spent to drill and complete 52 gross (16.7 net) operated horizontal Marcellus shale wells and drill 12 gross (6.0 net) horizontal Marcellus shale appraisal wells. The appraisal wells will be used to evaluate a number of our operating areas for future development activities. Other spending within the division includes $25.0 million for lease acquisitions, $13.5 million for operations projects, and $6.4 million for seismic data acquisition.

We currently have two rigs drilling, and plan an average of 4 rigs drilling during 2011. Our development activities will be focused in areas that have contiguous acreage positions and access to takeaway capacity. We continue to seek additional acreage in our main focus areas to aid in our development plans and expand our footprint.

Permian Division:

We have a capital budget totaling $53.4 million for our Permian Division. Within this budget, $48.0 million will be spent to drill and complete 72 gross (69.8 net) operated wells. The target zones include Clearfork, Wolfcamp, Canyon and Fusselman formations, which we believe contain higher oil bearing opportunities. As a result of the outstanding results experienced in early 2010, we added a second rig in August 2010 and will drill with two rigs in 2011. Our net oil production in this region has grown by more than 30% during 2010.

Midstream Affiliates:

TGGT Holdings, LLC (“TGGT”) and Appalachia Midstream, LLC are the midstream joint ventures owned equally by EXCO and BG Group in East Texas/North Louisiana and Appalachia, respectively. The primary focus of these entities’ capital programs is the building of gathering infrastructure and associated facilities in support of our upstream activities in each area. A substantial portion of the capital programs will be funded by internally generated cash flow. Although our Board of Directors has approved capital contributions of up to $150 million for 2011 (which are not included in the aforementioned $976.2 million capital budget), TGGT is currently negotiating a credit facility which would be used to fund these capital needs.

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 our website at www.excoresources.com. Our SEC filings and press releases can be found under the Investor Relations tab.

This release may contain forward-looking statements relating to future financial results or business expectations.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 undertakes no obligation to publically 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
www.excoresources.com

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EXCO Resources, Inc. Special Committee Announces Retention of Financial Advisors

DALLAS, Nov 18, 2010 (BUSINESS WIRE) — The Special Committee of the Board of Directors of EXCO Resources, Inc. (the “Company”) (NYSE: XCO) announced today that it has retained Barclays Capital Inc. and Evercore Partners as the Special Committee’s independent financial advisors to assist it in, among other things, evaluating and determining the Company’s response to the proposal made on October 29, 2010 by Douglas H. Miller, the Company’s Chairman and Chief Executive Officer, to purchase all of the outstanding shares of stock of the Company for a cash purchase price of $20.50 per share.

The Special Committee cautions the Company’s shareholders and others considering trading in its securities that no decisions have been made by the Special Committee or the Board of Directors with respect to the proposal. There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.

If a proposal is accepted by the Company, the acquiring person or entity and the Company will be required to make certain filings regarding the proposed transaction with the Securities and Exchange Commission (the “SEC”). Investors and security holders are urged to read all such filings regarding the proposed transaction, if and when the transaction proceeds and such filings are made, because they will contain important information. Free copies of any such filings (if and when they become available) and other documents filed by the Company with the SEC may be obtained at the SEC’s website at www.sec.gov. Information concerning any participants in any solicitation of the Company’s shareholders that is made in connection with the proposed transaction will be disclosed when available.

This press release contains certain forward-looking statements, including statements regarding the activities of the Special Committee and possible business transactions. 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: fluctuations in prices of oil and natural gas, general economic conditions, regulatory changes, fluctuations in the Company’s stock price, the Company’s financial performance, the timing and possible action by the Special Committee and the Board of Directors regarding the proposal, and possible actions by Mr. Miller and other parties. A detailed discussion of several 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 the Company’s reports on file with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: EXCO Resources, Inc.

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EXCO Resources, Inc. Declares Quarterly Cash Dividend

DALLAS, Nov 18, 2010 (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, 2010 to holders of record on November 30, 2010.

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 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

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EXCO Resources, Inc. Announces Receipt of Proposal to Purchase All of Its Common Stock for $20.50 Per Share in Cash

DALLAS, Nov 01, 2010 (BUSINESS WIRE) — EXCO Resources, Inc. (the “Company”) (NYSE: XCO) announced today that its Chairman and Chief Executive Officer, Douglas H. Miller, has submitted to the Board of Directors a proposal to purchase all of the outstanding shares of stock of the Company not already owned by Mr. Miller for a cash purchase price of $20.50 per share.

The Board of Directors of the Company intends to establish a Special Committee of the Board comprised of independent directors to consider, among other things, the proposal. The Board of Directors cautions the Company’s shareholders and others considering trading in its securities that the Board of Directors has just received the proposal and no decisions have been made by the Board of Directors or the Special Committee with respect to the Company’s response to the proposal. There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.

The full text of the proposal letter from Mr. Miller is as follows:

“October 29, 2010

Board of Directors
EXCO Resources, Inc.
12377 Merit Drive, Suite 1700
Dallas, Texas
Gentlemen:

I am pleased to express my interest in acquiring all of the outstanding shares of common stock of EXCO Resources, Inc. (the “Company”) at a cash purchase price of $20.50 per share. I have preliminarily discussed this proposal with Oaktree Capital Management, L.P., on behalf of its funds and accounts under management, Ares Management LLC, on behalf of one or more of its funds under management, and Boone Pickens, and each has expressed an interest in pursuing the acquisition with me.

I believe that $20.50 per share is very compelling and in the best interest of the Company and its public shareholders and that the shareholders will find this proposal attractive. This valuation represents a premium of 38% over today’s closing price of the Company’s common shares. The acquisition would be in the form of a merger of the Company with a newly-formed acquisition vehicle.

I would continue as Chairman and Chief Executive Officer following the transaction and expect that the Company’s senior management team would remain in place. I anticipate continuing to run the business in accordance with our current practice and maintaining the Company’s valuable employee base, which we view as one of its most important assets.

I would expect to reinvest a significant portion of my equity ownership as part of this transaction. The remaining funds necessary to consummate the transaction would come from senior management, outside investment partners and, as needed, third party debt financing.

My familiarity with the Company means that I will be in a position to proceed very quickly with this transaction. I expect that you will establish a special committee of independent directors to consider this proposal on behalf of the Company’s public shareholders with guidance from its own legal and financial advisors. I welcome the opportunity to present this proposal to the special committee as soon as possible.

Of course, no binding obligation on the part of the Company, myself or any of my potential investment partners shall arise with respect to this proposal or any transaction unless and until such time as definitive documentation that is satisfactory to us, recommended by the special committee and approved by the Board of Directors is executed and delivered.

I look forward to working with the special committee and its legal and financial advisors to complete a transaction that is attractive to the Company’s public shareholders. Should you have any questions, please contact me.

Sincerely,

Douglas H. Miller”

Mr. Miller has advised the Company that J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as his financial advisors and Vinson & Elkins LLP is acting as his legal counsel in connection with this proposed transaction.

Additional information about EXCO Resources, Inc. may be obtained by contacting the Company’s President, Stephen F. Smith, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, Texas 75251, telephone number (214) 368-2084.

If the proposal is accepted by the Company, the acquiring person or entity and the Company will be required to make certain filings regarding the proposed transaction with the Securities and Exchange Commission (“SEC”). Investors and security holders are urged to read all such filings regarding the proposed transaction, if and when the transaction proceeds and such filings are made, because they will contain important information. Free copies of any such filings (if and when they become available) and other documents filed by the Company with the SEC may be obtained at the SEC’s web-site at http://www.sec.gov. Information concerning any participants in any solicitation of the Company’s shareholders that is made in connection with the proposed transaction will be disclosed when available.

This press release contains certain forward-looking statements, including statements regarding the establishment of a Special Committee and possible business transactions.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: fluctuations in prices of oil and natural gas, general economic conditions, regulatory changes, fluctuations in EXCO’s stock price, EXCO’s financial performance, the timing and possible action by its Board of Directors and the Special Committee regarding the proposal, and possible actions by Mr. Miller and related parties.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, whether as a result of new information, future events or otherwise.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Stephen F. Smith, 214-368-2084

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EXCO Resources, Inc. Schedules Earnings Release and Conference Call

DALLAS, Oct 05, 2010 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that it will be releasing third quarter 2010 results on Tuesday, November 2, 2010, after market close.

EXCO will host a conference call on Wednesday, November 3, 2010, at 8:00 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#16270280. 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 2, 2010, 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 18, 2010. Please call (800) 642-1687 and enter conference call ID#16270280 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

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EXCO Resources, Inc. Announces Closing of $750.0 Million Senior Notes Offering

DALLAS, Sep 15, 2010 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that it closed its underwritten offering of $750.0 million aggregate principal amount of 7.500% Senior Notes due 2018, which were issued at 98.530% of par value. EXCO received proceeds of approximately $724.4 million from the offering, after deducting discounts to the underwriters and estimated offering fees and expenses.

With a portion of the net proceeds from the offering, EXCO commenced the redemption of all $444.7 million in aggregate principal amount of its outstanding 7¼% Senior Notes due 2011 in accordance with the terms of the indenture under which those notes were issued. EXCO issued the notice of redemption with respect to its 7¼% Senior Notes due 2011 today and expects the redemption to be completed on October 15, 2010. EXCO used the remaining net proceeds to pay a portion of the outstanding balance under EXCO’s credit agreement.

J.P. Morgan Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets Corporation and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.

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.

SOURCE: EXCO Resources, Inc.

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

Uncategorized

EXCO Resources, Inc. Announces Pricing of Senior Notes

DALLAS, Sep 10, 2010 (BUSINESS WIRE) — EXCO RESOURCES, INC. (NYSE: XCO) (“EXCO”) today announced that it has priced an underwritten offering of $750.0 million aggregate principal amount of 7.500% Senior Notes due 2018, which will be issued at 98.530% of par value, resulting in a yield to maturity of 7.750%. EXCO expects to receive proceeds of approximately $724.4 million from the offering, after deducting discounts to the underwriters and estimated offering fees and expenses. EXCO intends to use a portion of the net proceeds from the offering to redeem all $444.7 million in aggregate principal amount of its outstanding 7¼% Senior Notes due 2011 in accordance with the terms of the indenture under which those notes were issued and any remaining net proceeds to pay a portion of the outstanding balance under EXCO’s credit agreement. EXCO expects to close the sale of the Senior Notes on September 15, 2010, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets Corporation and Wells Fargo Securities, LLC are acting as joint book-running managers for the Senior Notes offering. When available, a copy of the prospectus for the offering may be obtained from the Securities and Exchange Commission’s website at http://www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus upon request to:

J.P. Morgan Securities LLC Banc of America Securities LLC
383 Madison Avenue 4 World Financial Center
New York, NY 10179 New York, NY 10080
Attention: Syndicate Desk Attention: Syndicate Operations
800-245-8812 800-294-1322
prospectus@jpmchase.com dg.prospectus_requests@baml.com

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.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Senior Notes referred to above.An offering of any such securities will be made only by means of a prospectus.Any such prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains certain forward-looking statements, including statements regarding the consummation of the Senior Notes offering and the use of proceeds from the offering.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: fluctuations in prices of oil and natural gas, general economic conditions,fluctuations in interest rates, regulatory changes, future capital requirements and continued disruption of credit and capital markets.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

Uncategorized

EXCO Resources, Inc. Announces Offering of Senior Notes

DALLAS, Sep 07, 2010 (BUSINESS WIRE) — EXCO RESOURCES, INC. (NYSE: XCO) (“EXCO”) today announced that, subject to market conditions, it intends to publicly offer $750,000,000 aggregate principal amount of Senior Notes due 2018. The offering and sale of the Senior Notes is pursuant to an automatic shelf registration statement on Form S-3 filed today with the Securities and Exchange Commission. EXCO intends to use a portion of the net proceeds from the offering to redeem all $444.7 million in aggregate principal amount of its outstanding 7¼% Senior Notes due 2011 in accordance with the terms of the indenture under which those notes were issued and the remaining proceeds to pay down a portion of the outstanding balance under EXCO’s credit agreement.

J.P. Morgan Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets Corporation and Wells Fargo Securities, LLC will act as joint book-running managers for the Senior Notes offering. A copy of the preliminary prospectus for the offering may be obtained from the Securities and Exchange Commission’s website at http://www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus upon request to:

J.P. Morgan Securities LLC BofA Merrill Lynch
383 Madison Avenue One Bryant Park
New York, NY 10179 New York, NY 10036
Attention: Syndicate Desk Attention: Prospectus Department
800-245-8812 800-294-1322
prospectus@jpmchase.com dg.prospectus_distribution@bofasecurities.com

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.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Senior Notes referred to above.An offering of any such securities will be made only by means of a prospectus.Any such prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains certain forward-looking statements, including statements regarding the consummation of the Senior Notes offering and the use of proceeds from the offering. 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: fluctuations in prices of oil and natural gas, general economic conditions,fluctuations in interest rates, regulatory changes, future capital requirements and continued disruption of credit and capital markets.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

Uncategorized

EXCO Resources, Inc. Increases Quarterly Cash Dividend

DALLAS, Aug 05, 2010 (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, a $0.01 per share (33%) increase from the previous quarterly rate of $0.03 per share. The dividend is payable on September 15, 2010 to holders of record on August 31, 2010.

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

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