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EXCO Resources, Inc. Announces Up to $200,000,000 Share Repurchase Program

DALLAS, Jul 19, 2010 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that its Board of Directors has authorized a share repurchase program that enables EXCO to purchase up to $200,000,000 of its common stock. 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

EXCO Resources, Inc. Schedules Earnings Release and Conference Call

DALLAS, Jul 06, 2010 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that it will be releasing second quarter 2010 results on Tuesday, August 3, 2010, after market close.

EXCO will host a conference call on Wednesday, August 4, 2010, at 8:00 a.m. (Dallas time) to discuss the contents of this release and respond to questions. Please call (877) 312-5172 if you wish to participate, and ask for the EXCO conference call ID#86621656. 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 3, 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., August 18, 2010. Please call (800) 642-1687 and enter conference call ID#86621656 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

EXCO Resources, Inc. Closes Acquisition of Haynesville/Bossier Shale Properties from Southwestern Energy Company

DALLAS, Jun 30, 2010 (BUSINESS WIRE) —

EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed the purchase jointly with BG Group, plc (LSE: BG.L) (“BG Group”) of properties in Shelby, San Augustine and Nacogdoches Counties, Texas representing approximately 20,000 net acres prospective for the Haynesville and Bossier shales from Southwestern Energy Company (NYSE:SWN). The total purchase price paid at the closing was $355.8 million ($177.9 million net to EXCO), which is subject to customary post-closing purchase price adjustments. EXCO’s net acquisition price was financed with borrowings under its credit agreement.

The development of these assets will be governed by EXCO’s East Texas/North Louisiana joint venture with BG Group. The majority of the assets acquired in this transaction represents incremental working interests in properties which EXCO and BG Group acquired in the recently closed Common Resources acquisition.

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
http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.excoresources.com&esheet=6344449&lan=en-US&anchor=www.excoresources.com&index=2&md5=14abefadb383f3e85749617cd72f0a56

EXCO Resources, Inc. Announces Agreement to Acquire Haynesville/Bossier Shale Properties from Southwestern Energy Company

DALLAS, Jun 16, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced an agreement to purchase properties prospective for the Haynesville and Bossier shales from Southwestern Energy Company (NYSE:SWN) (“SWN”) for approximately $355 million, subject to customary purchase price adjustments. The properties to be acquired include producing assets, gathering lines and acreage in Shelby, San Augustine and Nacogdoches Counties, Texas and are located within the area of mutual interest established by the existing East Texas/North Louisiana joint venture with BG Group, plc (LSE:BG.L) (“BG Group”). BG Group will have the opportunity to purchase 50% of this acquisition.

Nearly all of the interest to be acquired is incremental to the interest in the producing assets, gathering lines and acreage acquired by EXCO and BG Group through the acquisition of Common Resources, L.L.C. (“Common”), which closed May 14, 2010. The SWN acquisition will increase EXCO’s interest in over 900 gross drilling locations. The assets include producing properties with current gross production of more than 51 Mmcf per day (17 Mmcf per day net) from 9 producing wells and approximately 20,000 net acres prospective for the Haynesville and Bossier shales. Assuming BG Group participates in the acquisition, EXCO and BG Group will each double their working and net revenue interests in much of the Common acreage.

The acreage is well situated in what we expect to be a highly productive area in the Shelby Trough. The Shelby Trough runs from the southeast corner of DeSoto Parish, Louisiana through southern Shelby, northern San Augustine and eastern Nacogdoches Counties, Texas. EXCO’s first operated well in this area had an initial production rate of 22.1 Mmcf per day.

Assuming BG Group elects to participate, the development of these assets would be governed by the East Texas/North Louisiana joint venture with BG Group. EXCO’s net acquisition price will be financed with borrowings under its credit agreement. The acquisition is expected to close on June 30, 2010 and has an effective date of April 1, 2010.

Douglas H. Miller, EXCO’s Chief Executive Officer, commented, “This acquisition is very complementary to our operations in the Shelby Trough as we are increasing our interests in previously acquired acreage. We will develop these assets with the same rigs and development plan and utilize the same infrastructure we will be building to realize the value in our existing Shelby Trough acreage.”

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
www.excoresources.com

EXCO Resources, Inc. Closes Appalachian Joint Venture

DALLAS, Jun 01, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed its Appalachian joint venture (“JV”) with BG Group plc (LSE:BG.L) (“BG Group”). The total purchase price paid by BG Group to EXCO at the closing was $835.2 million, which is subject to customary post-closing purchase price adjustments.

Cash proceeds received at the closing were used to reduce the outstanding balance under EXCO’s credit facility, to fund EXCO’s share of an operating account for the JV, to pay transaction costs and expenses and for other general corporate purposes. The borrowing base under EXCO’s credit facility was reduced from $1.3 billion to $1.2 billion as a result of the consummation of this transaction.

EXCO was advised by Goldman, Sachs & Co. in this transaction.

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

EXCO Resources, Inc. Declares Quarterly Cash Dividend

DALLAS, May 21, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a second quarter cash dividend of $0.03 per share. The dividend is payable on June 15, 2010 to holders of record on June 1, 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
www.excoresources.com

EXCO Resources, Inc. Closes Purchase of Common Resources

DALLAS, May 14, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed the purchase of Common Resources, L.L.C. jointly with BG Group plc (LSE: BG.L). The total purchase price paid at the closing was approximately $441.6 million ($220.8 million net to EXCO), which is subject to customary post-closing purchase price adjustments.

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

EXCO Resources, Inc. Closes Purchase of Common Resources

DALLAS, May 14, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed the purchase of Common Resources, L.L.C. jointly with BG Group plc (LSE: BG.L). The total purchase price paid at the closing was approximately $441.6 million ($220.8 million net to EXCO), which is subject to customary post-closing purchase price adjustments.

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

EXCO Resources, Inc. Comments on Well Control Event

DALLAS, Apr 22, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) commented today on a well control event in Caddo Parish, Louisiana. EXCO encountered an unexpected gas flow in a well being drilled on April 18, 2010 at a depth of 1,533 feet, and control of the well was established with standard contingency measures. No injuries or damage to drilling equipment occurred. All appropriate state, federal and local officials were promptly notified of the event and have worked continuously with EXCO to ensure the safety of the public and the environment. The source of the unexpected gas flow is under evaluation, and plugging and abandonment procedures are underway.

An investigation into any water quality issues is ongoing by the Louisiana Department of Environmental Quality and the Louisiana Department of Health & Hospitals, with the cooperation and assistance of EXCO. As a precaution, homes in the immediate vicinity of the well were voluntarily evacuated. Testing is being conducted with the goal of returning the families to their homes as quickly as possible. EXCO is providing accommodations for the families and also providing for their living expenses.

EXCO’s Chief Operating Officer, Harold L. Hickey, commented: “Our focus in this situation has been the safety of the families, our employees and contractors in the immediate area. We are grateful for the patience and understanding of the families and pledge to get them back into their homes quickly and safely. We are also extremely grateful for all the help and cooperation of the Sheriff’s Department of Caddo Parish, the Louisiana State Police and all the local and state law enforcement and public safety officials, the Louisiana Department of Health & Hospitals, the Louisiana Department of Natural Resources, the Department of Homeland Security and the Department of Environmental Quality.”

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.

Inquiries concerning the contents of this release may be obtained by contacting EXCO’s President, Stephen F. Smith, or its Vice President and Chief Operating Officer, Harold L. Hickey, at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084.

SOURCE: EXCO Resources, Inc.

EXCO Resources, Inc.
Stephen F. Smith, 214-368-2084
President
or
Harold L. Hickey, 214-368-2084
Vice President and Chief Operating Officer

EXCO Resources, Inc. Renews Shelf Registration Statements Scheduled to Expire in 2010

DALLAS, Apr 16, 2010 (BUSINESS WIRE) –EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today filed a registration statement on Form S-3ASR with the Securities and Exchange Commission (SEC) in accordance with its obligations under certain registration rights agreements originally entered into in October 2005 and March 2007. The registration statement filed today renews the registration of securities previously issued by EXCO in private placements in October 2005 and March 2007 which was scheduled to expire later this year.

EXCO is not offering to sell or otherwise issuing any securities under the registration statement filed today and would not receive any proceeds if such shareholders were ever to elect to sell any shares.

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