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EXCO Resources, Inc. Announces Appointment of Chief Operating Officer

DALLAS–(BUSINESS WIRE)–Apr. 17, 2015– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that EXCO’s Board of Directors appointed Harold H. Jameson as EXCO’s Chief Operating Officer, effective April 17, 2015. Mr. Jameson most recently served as EXCO’s Vice President of Development & Production with primary responsibilities including EXCO’s horizontal shale development drilling programs in the Haynesville, Eagle Ford and Marcellus assets. Mr. Jameson has served in a Vice President role since March 2011.

Prior to joining EXCO in 2007, Mr. Jameson was employed at Anadarko Petroleum Corporation from 1991 to 2007, and during his career he has had multiple responsibilities in technical or leadership roles including asset management, drilling & completions, production engineering, reservoir engineering, economic evaluations and field development in U.S. onshore and international projects.

Harold L. Hickey, EXCO’s newly appointed Chief Executive Officer and President, commented, “We are pleased that Harold is taking on the role of Chief Operating Officer at EXCO. Harold’s valuable experience within our industry across a variety of operating areas and in various leadership positions makes him exceptionally qualified for this role. Harold is a seasoned and trusted leader who consistently delivers results.”

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Vice President of Finance and Investor Relations and Treasurer, 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.
Chris Peracchi, 214-368-2084
Vice President of Finance and Investor Relations and Treasurer

EXCO Resources, Inc. Announces Results of Rights Offering

DALLAS–(BUSINESS WIRE)–Jan. 17, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the preliminary results of its previously announced $273 million rights offering and related transactions under exercise commitment agreements with certain shareholders of the Company (the “Investment Agreements”).

Of the approximately 54.5 million total shares of common stock expected to be issued, EXCO believes that approximately 28.2 million shares will be issued in the rights offering and approximately 19.6 million shares and 6.7 million shares will be issued to affiliates of WL Ross & Co. LLC and affiliates of Hamblin Watsa Investment Counsel Ltd., respectively, under their respective Investment Agreements. After giving effect to the rights offering and the Investment Agreements, EXCO expects to have 272,820,969 shares of common stock outstanding. The rights offering and the related transactions under the Investment Agreements are expected to close on Friday, January 17, 2014.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of such state or jurisdiction.

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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. There can be no assurance that this transaction will proceed as described in this release. 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: the completion of the rights offering and transactions contemplated thereby, the estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors are included in the Company’s final prospectus included as a part of the registration statement, and additional information and risk factors are included in EXCO’s reports on file with the Commission. Except as required by applicable law, EXCO undertakes no obligation to publicly update or revise any forward-looking statements.

Source: EXCO Resources, Inc.

EXCO
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Declares Quarterly Cash Dividend

DALLAS–(BUSINESS WIRE)–May 22, 2014– EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a second quarter cash dividend of $0.05 per share. The dividend is payable on June 16, 2014 to holders of record on June 2, 2014.

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, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and Appalachia.

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Announces Closing of $500.0 Million Notes Offering

DALLAS–(BUSINESS WIRE)–Apr. 16, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it closed its underwritten offering of $500.0 million aggregate principal amount of 8.500% Notes due 2022 (the “Notes”), which were issued at 100.000% of principal amount. EXCO received net proceeds of approximately $490.0 million from the offering, after deducting discounts to the underwriters and estimated offering fees and expenses.

With the net proceeds from the offering, EXCO repaid all outstanding amounts under the term loan, and the remainder was used to reduce the revolving commitment under EXCO’s Amended and Restated Credit Agreement.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and BMO Capital Markets Corp. acted as joint book-running managers for the offering.

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Announces Pricing of Notes

DALLAS–(BUSINESS WIRE)–Apr. 11, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it has priced an underwritten offering of $500.0 million aggregate principal amount of 8.500% Senior Notes due 2022 (the “Notes”), at a price equal to 100% of principal amount. EXCO expects to receive net proceeds of approximately $490.0 million from the offering, after deducting discounts to the underwriters and estimated offering expenses. EXCO intends to use the net proceeds from the offering to repay all outstanding amounts under the term loan, and the remainder will be used to reduce the revolving commitment under EXCO’s Amended and Restated Credit Agreement. EXCO expects to close the sale of the Notes on or about April 16, 2014, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and BMO Capital Markets Corp. are acting as joint book-running managers for the Notes offering. The Notes offering is being made only by means of a prospectus supplement and accompanying base prospectus, electronic copies of which may be obtained from the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the underwriters will arrange to send copies upon request to:

 J.P. Morgan Securities LLC  Wells Fargo Securities, LLC
 c/o Broadridge Financial Solutions  Attn: Client Support
 1155 Long Island Avenue  550 South Tryon Street
 Edgewood, NY 11717  7th Floor MAC D1086-070
 866-803-9204  Charlotte, NC 28202
800-326-5897
 cmclientsupport@wellsfargo.com

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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 announcement is neither an offer to sell nor a solicitation of an offer to buy any of the 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 release may contain forward-looking statements relating to future financial results, business expectations and business transactions. There can be no assurance that this transaction will proceed as described in this release. 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: the closing of the Notes offering, the estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors are included in EXCO’s prospectus supplement and accompanying base prospectus, and additional information and risk factors are included in EXCO’s reports on file with the Securities and Exchange Commission. Except as required by applicable law, EXCO undertakes no obligation to publicly update or revise any forward-looking statements.

Source: EXCO Resources, Inc.

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Schedules Earnings Release and Conference Call

DALLAS–(BUSINESS WIRE)–Apr. 4, 2014– EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing first quarter 2014 results on Tuesday, April 29, 2014, after market close.

EXCO will host a conference call on Wednesday, April 30, 2014 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# 24918633. 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 prior to the conference call.

A digital recording will be available starting two hours after the completion of the conference call until May 14, 2014. Please call (800) 585-8367 and enter conference call ID# 24918633 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 Texas, North Louisiana and Appalachia.

Additional information about EXCO Resources, Inc. may be obtained by contacting Chris Peracchi, EXCO’s Director of Finance and Investor Relations and Treasurer 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Announces Appointment of Chief Accounting Officer

DALLAS–(BUSINESS WIRE)–Mar. 10, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that EXCO’s Board of Directors appointed Richard A. Burnett as EXCO’s Chief Accounting Officer, effective March 10, 2014. Mr. Burnett has served as EXCO’s Vice President of Special Projects since he joined the company in November 2013.

Prior to Mr. Burnett’s appointment, Mark F. Mulhern served as EXCO’s interim Chief Accounting Officer. Mr. Mulhern will continue to serve as EXCO’s Executive Vice President and Chief Financial Officer.

Jeff Benjamin, EXCO’s chairman, commented, “We are pleased that Ricky Burnett is taking on the role of Chief Accounting Officer at EXCO. Ricky’s extensive public accounting and industry expertise make him a natural fit as EXCO’s new Chief Accounting Officer.”

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

EXCO Resources, Inc. Declares Quarterly Cash Dividend

DALLAS–(BUSINESS WIRE)–Mar. 10, 2014– EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a first quarter cash dividend of $0.05 per share. The dividend is payable on March 31, 2014 to holders of record on March 20, 2014.

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, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and Appalachia.

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer

EXCO Resources, Inc. Schedules Earnings Release and Conference Call

DALLAS–(BUSINESS WIRE)–Jan. 27, 2014– EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing fourth quarter and full year 2013 results on Tuesday, February 25, 2014, after market close.

EXCO will host a conference call on Wednesday, February 26, 2014, 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# 43723853. 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, February 25, 2014, after market close.

A digital recording will be available starting two hours after the completion of the conference call until March 12, 2014. Please call (800) 585-8367 and enter conference call ID# 43723853 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 Texas, North Louisiana and Appalachia.

Additional information about EXCO Resources, Inc. may be obtained by contacting Chris Peracchi, EXCO’s Director of Finance and Investor Relations and Treasurer 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com

Exco Resources, Inc. Announces Closing of Rights Offering

DALLAS–(BUSINESS WIRE)–Jan. 17, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the closing of its previously announced $273 million rights offering and related transactions under exercise commitment agreements with certain shareholders of the Company (the “Investment Agreements”).

Of the approximately 54.5 million total shares of common stock issued, approximately 28.2 million shares were issued in the rights offering and approximately 19.6 million shares and 6.7 million shares were issued to affiliates of WL Ross & Co. LLC and affiliates of Hamblin Watsa Investment Counsel Ltd., respectively, under their respective Investment Agreements. After giving effect to the rights offering and the Investment Agreements, EXCO has 272,820,969 shares of common stock outstanding.

Jeffrey D. Benjamin, EXCO’s Non-Executive Chairman of the Board, commented, “We are very pleased by the support of our existing shareholders and their participation has helped strengthen EXCO.”

The largest three shareholders of EXCO common stock, directly or through certain affiliates, after giving effect to the rights offering and the related transactions under the Investments Agreements are:

 Common Stock
Shares
 Ownership
 WL Ross & Co. LLC  51,104,050  18.7
 Oaktree Capital Group Holdings GP, LLC  45,173,682  16.6
 Hamblin Watsa Investment Counsel Ltd.  17,538,912  6.4

EXCO received net proceeds of approximately $272 million, after deducting estimated expenses. The Company used approximately $28.9 million of the proceeds to fully repay indebtedness related to the Asset Sale Requirement under the EXCO Resources Credit Agreement and approximately $243.2 million of the proceeds to repay indebtedness related to the revolving commitment under the EXCO Resources Credit Agreement. Elimination of the Asset Sale Requirement reduced the interest rate on the revolving commitment by 1%.

After giving effect to the rights offering and the related transactions under the Investment Agreements, the available borrowing base on the revolving commitment under the EXCO Resources Credit Agreement is $900.0 million with approximately $491.8 million of outstanding indebtedness and approximately $401.4 million of unused borrowing base, net of letters of credit.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of such state or jurisdiction.

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

Additional information about EXCO may be obtained by contacting Chris Peracchi, Director of Finance and Investor Relations and Treasurer, 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. There can be no assurance that this transaction will proceed as described in this release. 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: the completion of the rights offering and transactions contemplated thereby, the estimates of reserves, commodity price changes, regulatory changes and general economic conditions. These risk factors are included in the Company’s final prospectus included as a part of the registration statement, and additional information and risk factors are included in EXCO’s reports on file with the Commission. Except as required by applicable law, EXCO undertakes no obligation to publicly update or revise any forward-looking statements.

Source: EXCO Resources, Inc.

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer