Category Archives: Uncategorized

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EXCO Resources, Inc. Announces Initial Public Offering

DALLAS, Feb. 9 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (EXCO) yesterday announced the pricing of its initial public offering of 50,000,000 shares of its common stock at $13.00 per share. J.P. Morgan Securities Inc., Bear, Stearns & Co. Inc. and Goldman, Sachs & Co. acted as joint book running managers for this offering.
All of the shares were sold by the company. EXCO has granted the underwriters an option to purchase an additional 7,500,000 shares to cover over-allotments, if any. EXCO’s common stock will be traded on the New York Stock Exchange beginning February 9, 2006 under the symbol “XCO”. This offering is expected to close on February 14, 2006, subject to customary closing conditions.

A prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, Floor 5B, New York, NY 10081, (212) 552-6164 or addressingservices@jpmchase.com, from Bear, Stearns & Co. Inc., Prospectus Department, 383 Madison Avenue, New York, NY 10179, (631) 274-8321, or from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004, (212) 902-1171.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

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EXCO Resources, Inc. Announces Closing of IPO

DALLAS, Feb. 14 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced the closing of its initial public offering of 50,000,000 shares of its common stock at $13.00 per share for aggregate net proceeds to EXCO, after underwriters’ discount, of $617,500,000. The shares are listed on the New York Stock Exchange under the trading symbol XCO.
J.P. Morgan Securities Inc., Bear, Stearns & Co. Inc. and Goldman, Sachs & Co. acted as joint book running managers for this offering.

A prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, Floor 5B, New York, NY 10081, (212) 552-6164 or addressingservices@jpmchase.com , from Bear, Stearns & Co. Inc., Prospectus Department, 383 Madison Avenue, New York, NY 10179, (631) 274-8321, or from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004, (212) 902-1171.

A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any province, state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or other jurisdiction.

About EXCO Resources, Inc.

EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

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EXCO Resources, Inc. Announces Appalachian Basin Acquisition

DALLAS, April 28 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced the closing of an acquisition of 100% of the equity interest in a privately-held natural gas development and production company operating in the Appalachian Basin, with properties principally located in Pennsylvania, Ohio, New York and West Virginia. The aggregate cash purchase price paid was $115 million, including the repayment of the acquired company’s debt and outstanding commodity hedges. The acquisition includes 162 Bcfe of proved reserves which are 96% natural gas and 25% proved developed producing. Probable and possible reserves are estimated to be an additional 51 Bcfe. There are 1,187 wells producing approximately 5.0 Mmcfe per day with an approximate 80% average working interest and 68% average net revenue interest. Approximately 85% of the wells are operated. The assets include 178,000 acres held by production and over 2,000 estimated drilling locations of which 68% are proved. In addition, the assets include 358 miles of gathering lines, two field shops and production equipment. EXCO will implement a multi-year, multi-rig drilling program on the acreage acquired. This acquisition was financed using EXCO’s revolving credit facility.

This acquisition, made through EXCO’s wholly-owned subsidiary, North Coast Energy, Inc., represents an important addition to EXCO’s substantial existing assets in the Appalachian Basin.

Wachovia Securities represented the seller in this transaction.

EXCO Resources, Inc. is a public oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 our website at http://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: acquisitions, recruiting and new business solicitation efforts, estimates of reserves, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

CONTACT: Stephen F. Smith, President of EXCO Resources, Inc.,
1-214-368-2084
Web site: http://www.excoresources.com
(XCO)

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EXCO Schedules Earnings Release and Conference Call

DALLAS, May 11 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing first quarter 2006 earnings on Monday, May 15, 2006, after market close.

EXCO will host a conference call on Tuesday, May 16, 2006, at 3:30 P.M. (Dallas time) to discuss the contents of the earnings release and respond to questions. Presentation materials related to the earnings release will also be posted on EXCO’s website under the Investor Relations tab on Monday, May 15, 2006, after market close. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO Conference ID# 9256352. A digital recording will be available starting two hours after the completion of the conference call until May 23, 2006. Please call (800) 642-1687 and enter conference ID# 9256352 to hear the recording.

EXCO Resources, Inc. is a public oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 our website at http://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: acquisitions, recruiting and new business solicitation efforts, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

CONTACT: Stephen F. Smith, President of EXCO Resources, Inc., +1-214-368-2084

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EXCO Resources, Inc. Announces Acquisition of East Texas Cotton Valley Properties

DALLAS, May 25 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced the acquisition of certain producing and undeveloped oil and natural gas properties in the Cotton Valley trend in East Texas from a privately held company. The properties were acquired for a purchase price of $51.6 million ($52.3 million after contractual adjustments) and consist of approximately 2,000 net acres of leasehold, estimated proved reserves of 28.3 Bcfe (99% gas and 51% proved developed producing) and 10 Bcfe of estimated probable reserves. Current average daily production from the wells acquired is approximately 4.3 Mmcfe per day. Also included in the purchase is approximately 10,500 net undeveloped acres in the general area of the production. EXCO will operate the properties and will own 100% of the working interest. EXCO plans to begin a one to two rig development drilling program on the properties beginning in the third quarter of 2006 to drill an estimated 20 additional wells.

This East Texas acquisition was financed with $49.9 million from EXCO’s revolving line of credit with its bank group and $2.4 million from surplus cash.

In comments related to this acquisition, Douglas Miller, EXCO’s Chairman and CEO, said, “This acquisition represents the third significant property acquisition by us since our initial public offering was completed in February 2006. These transactions are in accordance with our plan of growing our company through acquisitions, exploitation and development. In the aggregate, the acquisitions since February 2006, have added 223 Bcfe of estimated proved reserves, 1,533 estimated proved drilling locations and approximately 13 Mmcfe of daily production.”

EXCO Resources, Inc. is an oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 our website at http://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: acquisitions, recruiting and new business solicitation efforts, estimates of reserves, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

CONTACT: Stephen F. Smith, President of EXCO Resources, Inc., +1-214-368-2084

Uncategorized

EXCO Schedules Earnings Release and Conference Call

DALLAS, Aug. 7 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2006 earnings on Wednesday, August 9, 2006, after market close.

EXCO will host a conference call on Thursday, August 10, 2006, at 9:00 A.M. (Dallas time) to discuss the contents of the earnings release and respond to questions. Presentation materials related to the earnings release will also be posted on EXCO’s website under the Investor Relations tab on Wednesday, August 9, 2006, after market close. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO Conference ID# 4247404. A digital recording will be available starting two hours after the completion of the conference call until August 17, 2006. Please call (800) 642-1687 and enter conference ID# 4247404 to hear the recording. A digital recording of the conference call will also be available on EXCO’s website at http://www.excoresources.com and can be found under the Investor Relations tab in Conference Calls.

EXCO Resources, Inc. is a public oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 our website at http://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: acquisitions, recruiting and new business solicitation efforts, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

CONTACT: Stephen F. Smith, President of EXCO Resources, Inc., +1-214-368-2084

Uncategorized

EXCO Resources, Inc. Announces Acquisition of Interest in 19,000 Acres and Production in West Texas

DALLAS, April 5, 2006 /PRNewswire-FirstCall via COMTEX News Network/ — EXCO Resources, Inc. (NYSE: XCO) today announced it has closed the acquisition of a 50% interest in approximately 19,000 acres of leasehold interests and 38 producing wells in West Texas for $85.7 million from an undisclosed seller. EXCO’s interest in the proved reserves is approximately 33 Bcfe with an estimated additional 80 Bcfe of probable and possible reserves. EXCO and the seller will conduct a joint development program on the properties over the next several years with an estimated 70 wells to be drilled in 2006 and early 2007. It is estimated that in excess of 200 wells will be necessary to fully develop the acreage.

EXCO Resources, Inc. is a public oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 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: acquisitions, recruiting and new business solicitation efforts, estimates of reserves, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

Stephen F. Smith of EXCO Resources, Inc., +1-214-368-2084

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Exco Resources, Inc. Announces Additional Information Regarding MLP Offering Plan

DALLAS, Sept. 7 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) previously announced on July 24, 2006 its intention to pursue an initial public offering of units representing limited partner interests of a master limited partnership subsidiary being formed by EXCO to acquire Winchester Energy Company, Ltd. and its affiliated entities from Progress Energy, Inc. and also certain assets from EXCO, all of such assets being located in East Texas and North Louisiana. EXCO plans to sell approximately 52,000,000 common units, representing an approximate 50% limited partner interest in its master limited partnership. Net proceeds are expected to be used to repay indebtedness incurred in connection with the acquisitions. The initial public offering is expected to consist of a rights offering of MLP common units to holders of EXCO’s common stock and a simultaneous underwritten public offering of MLP common units. It is currently expected that EXCO shareholders would be offered the right to subscribe for one MLP common unit for every four shares of EXCO common stock they hold. The subscription price in the rights offering is anticipated to be $23.00 to $25.00 per common unit. It is anticipated that these offerings would occur during the first quarter of 2007. The MLP common units retained by EXCO and the general partner of the MLP will have terms identical to those offered to EXCO’s shareholders and to the public. The actual terms of the offering may be changed by EXCO due to market conditions or other factors.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will only be made in accordance with the registration requirements of the Securities Act of 1933 or an exemption therefrom. This announcement is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933.

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: acquisitions, recruiting and new business solicitation efforts, estimates of reserves, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.
-0- 09/07/2006
/CONTACT: EXCO Resources, Inc., +1-214-368-2084, or fax, +1-214-368-2087/
/Web site: http://www.excoresources.com /
(XCO)

CO: EXCO Resources, Inc.; Winchester Energy Company, Ltd.; Progress Energy,
Inc.
ST: Texas, Louisiana
IN: OIL
SU: OFR

AP-CT
— DATH048 —
1901 09/07/2006 15:17 EDT http://www.prnewswire.com

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EXCO Resources, Inc. Completes Acquisition of East Texas, North Louisiana Gas Producer

DALLAS, Oct. 2 /PRNewswire-FirstCall/ — EXCO Resources, Inc. (NYSE: XCO) today announced that it has completed its acquisition of Winchester Energy Company, Ltd. and its affiliated entities from Progress Energy, Inc. (NYSE: PGN) for approximately $1.16 billion, subject to certain contractual closing and post-closing adjustments.

EXCO financed the acquisition of Winchester Energy and its affiliated entities, which own properties located in East Texas and North Louisiana, with borrowings by EXCO Partners, LP, its indirect, wholly-owned subsidiary, under a $650 million term loan facility and a new revolving credit facility. EXCO also completed the contribution of its East Texas assets to EXCO Partners, LP.

EXCO Resources, Inc. is an oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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.

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: acquisitions, recruiting and new business solicitation efforts, estimates of reserves, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

CONTACT: Stephen F. Smith, President of EXCO Resources, Inc., +1-214-368-2084

Uncategorized

EXCO Resources Schedules Earnings Release and Conference Call

DALLAS, Oct 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ — EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing third quarter 2006 earnings on Tuesday, October 31, 2006, after market close.

EXCO will host a conference call on Wednesday, November 1, 2006, 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 ID# 9849913. The conference call will also be webcast live 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, October 31, 2006, after market close.

A digital recording will be available starting two hours after the completion of the conference call until Wednesday, November 15, 2006. Please call (800) 642-1687 and enter conference ID# 9849913 to hear the recording. A digital recording of the conference call will also be available on EXCO’s website and can be found under the Investor Relations tab.

EXCO Resources, Inc. is a public oil and natural gas acquisition, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado, 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 our website at http://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: acquisitions, recruiting and new business solicitation efforts, commodity price changes, the extent to which EXCO is successful in integrating recently acquired businesses, 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.

SOURCE EXCO Resources, Inc.

Stephen F. Smith, President of EXCO Resources, Inc., +1-214-368-2084