DALLAS, Jan 15, 2010 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) confirmed today that its Marcellus shale exploration and production activities, including drilling, are proceeding as planned with no interruption of its 2010 business goals. According to EXCO’s Chairman and Chief Executive Officer, Douglas H. Miller, “Our business plan for Marcellus shale development is proceeding as we projected. EXCO has drilled several Marcellus shale wells in Pennsylvania. We received all necessary permits and approvals to drill and operate our Marcellus wells, and we now have 60 drilling permits for future operations and continue to receive all such permits in a timely fashion. We have one Marcellus shale drilling rig operating in Pennsylvania today.”
EXCO issued this confirmation in response to some recent media reports that incorrectly suggested EXCO had been directed to cease some of its activities. The reports referred to a letter EXCO received from a local township supervisor in which a concern was raised over the zoning designation of an area where a single EXCO vertical test well was drilled last October. After consulting with the township, EXCO learned that the letter was sent in response to a complaint made by two local residents. EXCO received all necessary permits to drill this well and met with township officials before the well was drilled. Further meetings have been scheduled to discuss the zoning area designation concern raised by these two residents. Because drilling of the well was completed months ago, the township letter has had no impact or effect on that well. EXCO’s Marcellus well drilling and production in other areas of Pennsylvania were completely unaffected by this correspondence.

Chairman and CEO Douglas Miller explained, “Permits to drill and operate Marcellus shale wells in Pennsylvania are under the exclusive authority of the Pennsylvania Department of Environmental Protection. Other aspects of our operations, such as water withdrawal, can also require approvals from the appropriate River Basin Commission. EXCO works closely with all appropriate agencies to ensure all permits and approvals are obtained prior to conducting E&P activities, and every well drilled to date has been fully permitted.”

There are more than 2,500 municipalities in Pennsylvania and many of these local government entities have zoning ordinances that designate conditions for development. However, the Pennsylvania Supreme Court ruled last year that the Pennsylvania Oil and Gas Act preempts municipal/township regulation of oil and gas drilling activities and prevents local government entities from regulating oil and gas E&P activities.

“As we have done from the beginning of our Marcellus shale activities in Pennsylvania, we will continue to work with township officials to provide information about our activities,” said Mr. Miller. “All of our Marcellus shale wells are fully permitted by the Pennsylvania Department of Environmental Protection and all EXCO drilling operations are conducted using proven, safe methods.”

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–(BUSINESS WIRE)–Jan. 26, 2009–EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing full year 2008 and fourth quarter 2008 results on Tuesday, February 24, 2009, after market close.

EXCO will host a conference call on Wednesday, February 25, 2009, at 11:00 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#82871332. 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, February 24, 2009, after market close.

A digital recording will be available starting two hours after the completion of the conference call until 11:59 p.m., March 11, 2009. Please call (800) 642-1687 and enter conference ID# 82871332 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 acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.

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.

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

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Source: EXCO Resources, Inc.

DALLAS–(BUSINESS WIRE)–Feb. 20, 2009– EXCO Resources, Inc. (NYSE: XCO) reported today that one of its midstream subsidiary’s pipelines leading into the DCP Midstream gas processing plant in Carthage, Texas was damaged in the explosion involving several pipelines at the plant on Wednesday, February 11, 2009. It appears that the explosion and fire originated in an area in which several lines converged, including EXCO’s line. We are working with DCP and other affected pipeline companies to investigate this incident. EXCO and its insurance carriers are participating in an assessment of total damages arising from this incident. EXCO’s midstream operations were initially slightly impacted, but have been operating at full capacity since Tuesday, February 17, 2009. There has been an immaterial impact on EXCO’s upstream production operations.

EXCO Resources, Inc. is an oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s 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.
Stephen F. Smith, (214) 368-2084
President

Home

DALLAS, Apr 17, 2009 (BUSINESS WIRE) — EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing first quarter 2009 results on Tuesday, May 5, 2009, after market close.
EXCO will host a conference call on Wednesday, May 6, 2009, 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#95952874. 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, May 5, 2009, after market close.

A digital recording will be available starting two hours after the completion of the conference call until 11:59 p.m., May 20, 2009. Please call (800) 642-1687 and enter conference ID# 95952874 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 acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.

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–(BUSINESS WIRE)–Apr. 20, 2009– EXCO Resources, Inc. (NYSE: XCO) today announced that its bank group completed a semi-annual review of the borrowing bases under its revolving credit agreements. The lenders reaffirmed the aggregate borrowing base commitments under the EXCO Resources, Inc. revolving credit agreement and the EXCO Operating Company, LP revolving credit agreement of $1.175 billion and $1.3 billion, respectively, resulting in an aggregate borrowing base equal to $2.475 billion. The credit facilities are provided by a syndicate of 34 banks led by JP Morgan Chase Bank, N.A. In connection with the reaffirmation, EXCO agreed to amend each of the credit facilities to provide a 75 basis point increase to the interest rate spread. With respect to any Eurodollar loan, the interest rate spread previously ranged from 100 to 175 basis points and now ranges from 175 to 250 basis points depending upon borrowing base usage. With respect to any alternate base rate loan, the interest rate spread previously ranged from 0 to 75 basis points and now ranges from 75 to 150 basis points depending upon borrowing base usage. The maturity date for each of the credit facilities is March 30, 2012.

Douglas H. Miller, EXCO’s Chief Executive Officer commented, “EXCO’s growth over the last several years would not have been possible without the support of our bank group. Their continued support during these uncertain times, as evidenced by this reaffirmation, is truly appreciated.”

EXCO Resources, Inc. is an oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO’s 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.
Stephen F. Smith, 214-368-2084
President

Compressed Natural Gas Facility Built in Vernon Field Near Chatham, Louisiana
DALLAS–(BUSINESS WIRE)–May. 4, 2009– EXCO Resources, Inc. (NYSE: XCO) announced today it will be unveiling a newly constructed compressed natural gas vehicle fueling facility at its Vernon Field site located near Chatham, Louisiana on Friday, May 8, 2009 at 11:15 a.m. EXCO Board Member T. Boone Pickens will be attending this event and will be speaking about the Pickens Plan, his proposal for improving U.S. energy independence through the use of alternative energy sources, including natural gas.

Mr. Pickens is the architect of the Pickens Plan aimed at reducing America’s increasing dependence on foreign oil. The plan calls for a comprehensive energy plan that would make better use of our abundant natural resources, including natural gas, wind and solar power. He has called foreign oil dependence — America imports nearly 70 percent of its oil — the greatest economic and national security threat facing our nation. More than 1.5 million Americans have joined this movement through his web site, www.pickensplan.com.

In early 2008, EXCO management decided to convert its fleet of trucks in the EXCO-operated Vernon Natural Gas Field in Jackson Parish to utilize compressed natural gas rather than gasoline or diesel for truck fuel. Doug Miller, Chairman and CEO of EXCO Resources, Inc. said, “We built our new compressed natural gas fueling station to utilize our locally-produced natural gas for our fleet. Compressed natural gas burns cleaner than gasoline, diesel or propane and we are dedicated to doing our part to help the environment.”

EXCO’s compressed natural gas vehicle fueling facility is the first of its kind to be built in a four state area in over 10 years and illustrates its commitment to finding innovative alternative fuel sources for its ongoing operations.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana, Ohio, Oklahoma, Pennsylvania and West Virginia.

This event is by invitation only. For more information or for interview opportunities, please contact Jeff Smith/Smith & Sacco Public Relations at 713/627-8777 or tourtell@sbcglobal.net.

DIRECTIONS TO EXCO CNG FACILITY

From Shreveport, LA:

Take I-20 Eastbound towards Monroe, LA
Take Exit 93, Choudrant/Sibley
Take Right on LA-145 towards Choudrant
Continue on LA-145 until you come to a “T” intersection with LA-146 (8 miles)
Take Left on LA-146 towards Chatham until you come to a “T” intersection with LA-4 (15.8 miles)
Take right on LA-4 towards Jonesboro, proceed 3.5 miles
Take right onto Ramsey Hill Rd. at EXCO Caney Lake Plant sign
Proceed 0.6 miles to arrive at Plant Location

From Alexandria, LA:

Take LA-167 North towards Jonesboro
Take Right on LA-4 in Jonesboro towards Chatham
Travel 12 miles, turn left onto Ramsey Hill Rd. at EXCO Caney Lake Plant sign
Proceed 0.6 miles to arrive at plant location
Source: EXCO Resources, Inc.

Smith & Sacco Public Relations
Jeff Smith, 713-627-8777
tourtell@sbcglobal.net

June 26th Event Will Showcase EXCO’s Newly Constructed Haynesville Shale Field Office and Plans for EXCO’s Haynesville Shale Gas Gathering and Treating Facility
DALLAS–(BUSINESS WIRE)–Jun. 22, 2009– EXCO Resources, Inc. (NYSE: XCO) announced today they will be hosting an event on June 26, 2009 to unveil their newly constructed Haynesville Shale Field Office and break ground on a new, state-of-the-art Haynesville Shale Gas Gathering and Treating Facility. The event will be held at the new EXCO Field Office located at 8451 Highway 175, Grand Cane, Louisiana, beginning at 11:00 A.M.

EXCO Resources has quickly become a leading producer in the Haynesville shale play in Louisiana and currently has 9 operated horizontal wells and 8 operated vertical wells drilled and completed. There are also plans to start drilling and completing 21 more operated horizontal wells by the end of 2009. “We are very excited about the success we have achieved in the Haynesville shale and have committed over 2/3 of our 2009 drilling and completion budget to continue developing the 85,000 net acres we have in the play,” said Doug Miller, Chairman and CEO of EXCO Resources, who went on to say, “In addition to our production and development plans, we are committed to spend over $100 million in 2009 on our midstream business to add treating capability and throughput capacity in excess of 500 million cubic feet of natural gas per day by early 2010 in our Haynesville shale area.”

To accommodate operations of its existing fields and exploitation of its significant acreage position in northern DeSoto Parish, EXCO acquired a site and constructed a new field office on State Highway 175 near Grand Cane. This new 10,400 square foot office in now headquarters for EXCO’s northwest Louisiana operations and houses nearly 50 EXCO employees who currently operate 360 wells in the area.

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, West Texas and the Mid-Continent. For more information, please visit the EXCO Resources website at www.excoresources.com.

This event is by invitation only. For more information or for interview opportunities, please contact Jeff Smith/Smith & Sacco Public Relations at 713/627-8777 or tourtell@sbcglobal.net.

DIRECTIONS TO EXCO FIELD OFFICE (For media only)

From Shreveport, LA:

Take I-49 SSE for approximately 15 miles to EXIT 186
Turn South onto HWY 175
Traveling South on HWY 175, go 2.8 miles to the EXCO Facility on the Left

From Alexandria, LA:

Take I-49 NNW for approximately 85 miles to EXIT 186
Turn South onto HWY 175
Traveling South on HWY 175, go 2.8 miles to the EXCO Facility on the Left

From Mansfield, LA:

From the Intersection of HWY 84 and HWY 175
Travel North on HWY 175 for 11 miles
EXCO Facility will be on the right
Source: EXCO Resources, Inc.

Smith & Sacco Public Relations
Jeff Smith, 713-627-8777
tourtell@sbcglobal.net

DALLAS–(BUSINESS WIRE)–Jun. 29, 2009– EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that it has reached an agreement with Encore Operating, L.P., (NYSE: EAC) (“Encore”) to sell its Norge Marchand Unit in Grady County, Oklahoma, other selected Oklahoma, Kansas and Texas Panhandle assets, and its Gladewater Field and Overton Field assets in Gregg, Upshur and Smith Counties, Texas for $375 million, subject to customary purchase price adjustments.

As of December 31, 2008, the properties include estimated proved reserves of 4.7 million barrels of oil (Mmbbls) and 148 billion cubic feet (Bcf) of natural gas, or 176 billion cubic feet of natural gas equivalent (Bcfe), based on year-end SEC pricing. Current net production includes 1,223 barrels of oil per day and 26.9 million cubic feet per day of natural gas, or 34.1 million cubic feet of natural gas equivalent per day. The sale includes approximately 66,700 net acres, of which approximately 7,000 acres are undeveloped, and also includes gathering systems and compression attributable to certain of the assets.

The sale to Encore is expected to close in August 2009, subject to customary closing conditions, and is effective as of April 1, 2009.

Douglas H. Miller, EXCO’s Chief Executive Officer, commented, “As we have previously announced, we have elected to sell certain non-strategic assets, and this sale is a part of that effort. We have now reached agreement on nearly $450 million of such asset sales and will continue our efforts.”

EXCO was advised by Scotia Waterous (USA) Inc. and Tristone Capital, LLC in these transactions.

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, West Texas and the Mid-Continent.

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.

The SEC has generally permitted oil and natural gas companies, in filings made with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use the terms “probable,” “possible,” “potential,” “unproved,” or “potential,” to describe volumes of reserves potentially recoverable through additional drilling or recovery techniques that the SEC’s guidelines prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the company. While we believe our calculations of unproved drillsites and estimation of unproved reserves have been appropriately risked and are reasonable, such calculations and estimates have not been reviewed by third party engineers or appraisers. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K for the year ended December 31, 2008 available on our website at www.excoresources.com under the Investor Relations tab or by calling us at 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

DALLAS–(BUSINESS WIRE)–Jul. 7, 2009– EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2009 results on Tuesday, August 4, 2009, after market close.

EXCO will host a conference call on Wednesday, August 5, 2009, 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#19096480. 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 4, 2009, 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 19, 2009. Please call (800) 642-1687 and enter conference ID# 19096480 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, West Texas and the Mid-Continent.

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

DALLAS–(BUSINESS WIRE)–Aug. 5, 2009– EXCO Resources, Inc. (NYSE: XCO) announced today it reached a definitive agreement with BG Group plc (LSE: BG.L) (“BG Group”) for the joint development and operation of EXCO’s midstream assets in East Texas/North Louisiana. EXCO will sell BG Group a 50% interest in a newly formed company that will hold the midstream assets, exclusive of the Vernon Field midstream assets, for $249 million in cash, subject to customary pre-closing and post-closing purchase price adjustments. The midstream agreement signed today is subject to customary closing conditions and satisfies a condition to closing for the previously announced upstream transaction with BG Group. The midstream and the upstream transactions are expected to close in August 2009 and have an effective date of January 1, 2009.

Both the midstream and upstream transaction were granted approval by the Federal Trade Commission on July 17, 2009.

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, West Texas and the Mid-Continent.

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