DALLAS–(BUSINESS WIRE)–Oct. 6, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that it has signed an agreement to sell its 25% interest in Compass Production Partners, LP (the “Partnership”) and its 50% interest in Compass Production GP, LLC (the “General Partner”) to an affiliate of Harbinger Group, Inc. (NYSE:HRG) (“Harbinger”) for $118.75 million in cash. The effective date of the transaction is August 1, 2014 and it is expected to close during the fourth quarter of 2014.

The sale reflects EXCO’s continued focus on improving its balance sheet and simplifying its corporate structure. EXCO intends to use the proceeds to reduce the revolving commitment under EXCO’s Amended and Restated Credit Agreement (the “EXCO Credit Agreement”). As of September 30, 2014, EXCO had $222.5 million of outstanding indebtedness under the revolving commitment of the EXCO Credit Agreement. Upon the closing of the sale of the Partnership, EXCO will have received cash consideration of $701.8 million from the sale of non-core assets and the rights offering of our common stock since September 30, 2013.

EXCO’s $875.0 million borrowing base will not be affected as a result of this transaction since the Partnership is not a guarantor under the EXCO Credit Agreement. We are currently in the process of the semi-annual borrowing base redetermination of the EXCO Credit Agreement and we expect the current borrowing base to be reaffirmed.

Jeff Benjamin, EXCO’s chairman, commented, “As we look to the future, this sale fits strategically and financially while streamlining our corporate structure and operations. This sale will further enhance our liquidity position which provides a solid foundation for future growth. We are currently developing our capital budget for 2015 and our financial strength will allow us to execute on our plans. The capital budget will be designed to focus on the development of our extensive inventory of oil and natural gas properties with high rates of return, operational initiatives including additional re-stimulation opportunities in the Haynesville shale and the evaluation of other formations within our current asset base, while providing us with the flexibility to be opportunistic in the pursuit of complementary acquisitions. EXCO had liquidity of $711.2 million as of September 30, 2014, and the proceeds from the sale of the Partnership will further improve our liquidity.”

EXCO formed the Partnership with Harbinger in February 2013, and contributed its conventional non-shale assets in East Texas and North Louisiana and its shallow Canyon Sand and other assets in West Texas. In exchange for the contribution, EXCO received net proceeds of $574.8 million and the interests in the Partnership and the General Partner. EXCO has received $9.6 million of cash distributions from the Partnership since formation. Our proportionate share of the Partnership’s total proved reserves was 125.3 Bcfe and the related PV-10 pursuant to SEC pricing rules was $104.0 million as of December 31, 2013. There was no difference between PV-10 and the standardized measure of discounted future net cash flows under U.S. GAAP.

EXCO reports its 25.5% economic interest in the Partnership using proportionate consolidation. The Partnership has its own credit agreement, for which EXCO is not a guarantor. As a result of the sale, EXCO’s consolidated indebtedness will be reduced by our proportionate share of the Partnership’s debt. As of June 30, 2014, we proportionally consolidated $85.8 million of the Partnership’s debt. For the three months ended June 30, 2014, EXCO’s interest in the Partnership contributed 24.9 Mmcfe per day, or 6.5%, of EXCO’s total production and $5.2 million, or 5.0%, of EXCO’s total Adjusted EBITDA. As a result of the sale, EXCO’s expected production and Adjusted EBITDA for the year ending December 31, 2014 are expected to decrease by an estimated 1.4 Bcfe and $3.5 million, respectively.

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.

Adjusted EBITDA represents net income (loss) adjusted to exclude interest expense, income taxes, depreciation, depletion and amortization, other operating items impacting comparability, accretion of discount on asset retirement obligations, impairment of oil and natural gas properties, non-cash changes in the fair value of derivatives, non-cash impairments of assets, stock-based compensation and income or losses from equity method investments. Adjusted EBITDA is a widely used measure by investors, analysts and rating agencies for valuations, peer comparisons and investment recommendations. In addition, it is used in covenant calculations required under the EXCO Credit Agreement, the indenture governing our 7.5% senior notes due September 15, 2018 (“2018 Notes”), and the indenture governing our 8.5% senior notes due April 15, 2022 (“2022 Notes”). Compliance with the liquidity and debt incurrence covenants included in these agreements is considered material to us. Our computation of Adjusted EBITDA may differ from the computations of similarly titled measures of other companies due to differences in the inclusion or exclusion of items in our computation as compared to those of others. Adjusted EBITDA is a measure that is not prescribed by generally accepted accounting principles, or GAAP. Adjusted EBITDA specifically excludes changes in working capital, capital expenditures and other items that are set forth on a cash flow statement presentation of a company’s operating, investing and financing activities. As such, we encourage investors not to use this measure as a substitute for the determination of net income, net cash provided by operating activities or other similar GAAP measures. The calculation Adjusted EBITDA differs in certain respects from the calculation of comparable measures in the EXCO Credit Agreement, the indenture governing our 2018 Notes and 2022 Notes. The table below presents a reconciliation of Adjusted EBITDA to cash flows from operations, a GAAP measure, for the three months ended June 30, 2014:

We have not reconciled the estimated year ended 2014 Adjusted EBITDA to the relevant GAAP measure because applicable information on which this reconciliation is based is not readily available. Accordingly, a reconciliation of the estimated year ended 2014 Adjusted EBITDA to the relevant GAAP measure at this time is not available without unreasonable effort.

This release may contain forward-looking statements relating to future financial results, business expectations and business transactions. Adjusted EBITDA is based on estimates and assumptions that are inherently subject to significant economic, industry and competitive uncertainties and contingencies, all of which are difficult to predict and many of which are beyond EXCO’s control. 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. 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
Vice President of Finance and Investor Relations, and Treasurer

DALLAS–(BUSINESS WIRE)–Oct. 2, 2014– EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing third quarter 2014 results on Tuesday, October 28, 2014, after market close.

EXCO will host a conference call on Wednesday, October 29, 2014 at 9:00 a.m. (Central Time) to discuss the contents of this release and respond to questions. Please call (800) 309-5788 and ask for the EXCO conference call ID# 24918635. 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 November 12, 2014. Please call (800) 585-8367 and enter conference call ID# 24918635 to hear the recording. A digital recording of the conference call will also be available on EXCO’s website.

EXCO has recently entered into additional swap contracts and has added collars with short puts (“Costless Three-way Collars”) to its commodity derivatives portfolio. EXCO has historically relied on swap contracts to protect its returns on capital investment and manage its capital structure. Moving forward, EXCO’s commodity derivatives strategy anticipates utilizing swaps, Costless Three-Way Collars and unhedged volumes to provide some exposure to commodity price increases while protecting a component of future cash flows. By adding Costless Three-way Collars, EXCO maintains the opportunity to participate in the commodity price upside to the call price while gaining partial down-side protection. For example, in 2015 for 45,000 Mmbtus per day of natural gas, EXCO would receive:

• market prices from $3.81 per Mmbtu up to the ceiling price of $4.45 per Mmbtu;
• $3.81 per Mmbtu on market prices between $3.31 and $3.81 per Mmbtu; and
• market prices plus $0.50 on market prices below $3.31.

As of October 1, 2014, EXCO had the following commodity derivative financial instruments in place for the volumes and prices shown below:

During a historically low natural gas price environment in 2012, EXCO entered into the short call contracts. In exchange for selling these options, EXCO received upfront proceeds which were used to obtain higher fixed prices on natural gas swap contracts that were entered into contemporaneously, resulting in net cashless transactions. The previous table excludes EXCO’s 25.5% proportionate interest in Compass Production Partners’ commodity derivative financial instruments.

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 the Appalachia region.

Additional information about EXCO Resources, Inc. may be obtained by contacting Chris Peracchi, EXCO’s 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.

This release may contain forward-looking statements relating to future financial results, business expectations and business transactions based on estimates and assumptions that are inherently subject to significant economic, industry and competitive uncertainties and contingencies, all of which are difficult to predict and many of which are beyond EXCO’s control. 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. 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
Vice President of Finance and Investor Relations and Treasurer
www.excoresources.com

DALLAS–(BUSINESS WIRE)–Sep. 11, 2014– EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a third quarter cash dividend of $0.05 per share. The dividend is payable on September 30, 2014 to holders of record on September 22, 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, Vice President 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 and Treasurer

DALLAS–(BUSINESS WIRE)–Aug. 11, 2014– EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that, effective September 19, 2014, Richard A. Burnett will begin serving as EXCO’s Chief Financial Officer following the departure of Mark F. Mulhern, EXCO’s current Chief Financial Officer. Mr. Mulhern is leaving EXCO to return to his primary residence in Raleigh, North Carolina and to become a senior executive at a local real estate investment trust. Mr. Mulhern joined EXCO as its Chief Financial Officer in April 2013 after serving on its Board of Directors since 2010.

Mr. Burnett joined EXCO in November 2013 and currently serves as EXCO’s Vice President and Chief Accounting Officer. Mr. Burnett was previously an audit partner at KPMG where he spent 12 years primarily serving the oil and gas industry. He began his career at Arthur Andersen LLP and moved to KPMG in 2002. In addition to previously being the audit partner for EXCO, his other clients included Clayton Williams, Halliburton, Headington Resources, Hillwood Energy, Hunt Oil Company and its related affiliates, REX Energy and Select Energy Services. Mr. Burnett’s last role at KPMG was as a partner in the Transaction Services Practice assisting clients and private equity groups with buy and sell-side due diligence, financial modeling, and various structuring matters.

Jeff Benjamin, EXCO’s chairman commented, “We are pleased to welcome Ricky Burnett as EXCO’s new Chief Financial Officer. Most of the Board members have known and worked closely with Ricky for almost a decade. We are confident that Ricky’s extensive financial expertise and his background not only with EXCO but also with others in the oil and gas industry will enable a seamless transition consistent with EXCO’s management succession plan.

On behalf of EXCO’s board of directors, I would also like to express our sincere appreciation to Mark for the last five years of his service and leadership initially as an EXCO director and then as a senior executive assisting EXCO with numerous transitional initiatives. We wish him well in his new endeavor.”

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 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 and Treasurer

DALLAS–(BUSINESS WIRE)–Jun. 23, 2014– EXCO Resources, Inc. (NYSE: XCO) today announced that it will be releasing second quarter 2014 results on Tuesday, July 29, 2014, after market close.

EXCO will host a conference call on Wednesday, July 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# 24918634. 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 August 14, 2014. Please call (800) 585-8367 and enter conference call ID# 24918634 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, acquisition, 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

DALLAS–(BUSINESS WIRE)–Dec. 17, 2013– EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) previously announced a 2014 capital budget of up to $368 million. The $368 million capital budget, which was approved by our Board of Directors, includes $294 million allocated to development and completion activities. We believe the capital budget is appropriate for current commodity prices and our capital structure. EXCO estimates that the 2014 capital budget will result in an approximate 15% production decline year-over-year (at the midpoint of guidance) while increasing our exposure to crude oil. These capital expenditures exclude the EXCO/HGI Partnership, which funds its capital expenditures through internally generated cash flow and its credit agreement, and also exclude any capital expenditures for our Permian joint development, which is in early stages of evaluation.

The 2014 capital budget is currently allocated among the different budget categories as follows:

We expect to fund our 2014 capital budget with cash flow from operations as well as borrowings under our credit agreement to the extent necessary. Our 2014 operated rig count is expected to average nine rigs, of which four will drill in the Haynesville and Bossier shales and five will drill in the Eagle Ford shale. We will also utilize a rig in Appalachia for a partial year to drill two appraisal wells. Details of our plans within the various areas follow:

(1) EXCO operated.

(2) Includes $18 million of capitalized interest.

East Texas and North Louisiana:

Our Haynesville shale position continues to be the most significant asset driving 2014 performance. We plan to spend a total of $184 million developing wells in the Haynesvilleand Bossier shales, of which $173 million will be spent on drilling and completion. We plan to spud 42 gross (20.5 net) horizontal wells and turn to sales 35 gross (18.3 net) horizontal wells in this area.

We currently have 434 operated horizontal wells producing in East Texas and North Louisiana and November 2013 net production averaged 306 Mmcfe/d. Our continuous improvement in drilling days as well as optimization of completion designs have resulted in recent well costs of $7.5 million in our Holly core area, an approximate 10% reduction as compared to 2012. Approximately 70% of the drilling and completion budget will be focused in our Holly core area in DeSoto Parish, Louisiana, where we will develop seven units on 107 acre spacing with 4,200 foot laterals and 14 frac stages. This modified spacing is designed to optimize long-term performance and increase value per fully developed unit.

The remaining drilling and completion capital will spud and turn to sales 8 gross (3.2 net) horizontal wells in the Shelby area in San Augustine County, Texas. We have been encouraged by recent industry success using enhanced completion methods in this area. The 2014 program will utilize laterals as long as 7,000 feet, more proppant per completed lateral foot, and more restricted flowback. If the enhanced completion methods are successful on our acreage, this program will provide attractive economics in the current price environment and provide a growth platform for future development.

South Texas:
The capital budget program for our newly acquired Eagle Ford shale asset totals $138 million, of which $109 million will be spent to spud 90 gross (15.2 net) horizontal wells and turn to sales 82 gross (14.3 net) horizontal wells. The budgeted capital expenditures and net well counts reflect our lower working interest in our focus area wells during the first year of production relative to our joint venture partner (affiliates of Kohlberg Kravis Roberts & Co. L.P. or KKR).

We currently have 126 operated horizontal wells producing in South Texas and November 2013 net production averaged 7,300 BOE/d. In 2014, we plan to drill 84 gross (14.2 net) horizontal wells in our focus area acreage with 500 foot (80-acre) spacing. We will continue our evaluation of the farm-out acreage, which is approximately 102,000 net acres, and plan to drill 6 gross (1.0 net) farm-out wells in 2014. An additional $29 million will fund pumping unit installations and infill leasing.

Appalachia:

November net production averaged 64 Mmcfe/d from 121 Marcellus shale wells and approximately 6,149 conventional wells. The 2014 capital budget program for our Marcellus shale program totals $17 million, of which $12 million will be spent to drill and complete two gross appraisal wells and fund our working interest in wells operated by others. The appraisal wells will be used to evaluate future development activities.

Permian:

In the Permian region, the first five horizontal wells drilled in 2013 are funded under a joint development agreement with an operator that is carrying us on drilling and completion costs totaling $18.9 million. We expect this carry to be fully utilized by the end of 2013. We will evaluate the results of the five Wolfcamp shale horizontal wells and, if appropriate, will recommend to our Board of Directors additional 2014 capital for the approximately 20,000 gross acres once our evaluation is complete.

Guidance:

EXCO expects a 2014 Adjusted EBITDA range of $400 million to $425 million. This Adjusted EBITDA range is based on an average 2014 natural gas NYMEX price of $4.00and oil NYMEX price of $90, our hedge position as of September 30, 2013, and reflects 25.5% of our interest in the EXCO/HGI Partnership.

From 2015 forward, incorporating anticipated acquisitions, we expect to return to a more predictable pattern of annual production growth of approximately 7% to 10% per year and corresponding Adjusted EBITDA growth of approximately 10% to 15% per year, based on forward NYMEX pricing.

Adjusted EBITDA represents net income adjusted to exclude interest expense, income taxes, depreciation, depletion and amortization, other operating items impacting comparability, accretion of discount on asset retirement obligations, non-cash changes in the fair value of derivatives, non-cash write-downs of assets, stock-based compensation and income or losses from equity method investments. We have presented Adjusted EBITDA because it is a widely used measure by investors, analysts and rating agencies for valuations, peer comparisons and investment recommendations. In addition, it is used in covenant calculations required under our credit agreement and the indenture governing our 7.5% senior notes due September 15, 2018. Compliance with the liquidity and debt incurrence covenants included in these agreements is considered material to us. Our computation of Adjusted EBITDA may differ from the computations of similarly titled measures of other companies due to differences in the inclusion or exclusion of items in our computation as compared to those of others. Adjusted EBITDA is a measure that is not prescribed by generally accepted accounting principles, or GAAP. Adjusted EBITDA specifically exclude changes in working capital, capital expenditures and other items that are set forth on a cash flow statement presentation of a company’s operating, investing and financing activities. As such, we encourage investors not to use this measure as a substitute for the determination of net income, net cash provided by operating activities or other similar GAAP measures.

We have not reconciled the 2014 Adjusted EBITDA range to net income because applicable information on which this reconciliation is based is not readily available. Accordingly, a reconciliation of the 2014 Adjusted EBITDA range to net income at this time is not available without unreasonable effort.

Liquidity:

As of December 6, 2013, the revolving commitment under the EXCO Resources Credit Agreement had an available borrowing base of approximately $929 million, with approximately $764 million of outstanding indebtedness and $158 million of unused borrowing base, net of letters of credit. The reduction in our borrowing base and outstanding indebtedness, as compared to September 30, 2013 amounts, reflects proceeds of $240 million from the sale of TGGT that we received in November.

Pro forma for the proposed rights offering and the estimated net proceeds to us of approximately $272 million, after deducting estimated expenses, the available borrowing base under the EXCO Resources Credit Agreement is expected to be $900 million, with approximately $492 million of outstanding indebtedness and approximately $401 millionof unused borrowing base, net of letters of credit.

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. 2014 Adjusted EBITDA is based on estimates and assumptions that are inherently subject to significant economic, industry and competitive uncertainties and contingencies, all of which are difficult to predict and many of which are beyond the Company’s control. 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. 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

DALLAS–(BUSINESS WIRE)–Dec. 17, 2013– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission (the “Commission”) for its previously announced rights offering. The registration statement is automatically effective as of December 17, 2013.

Under the terms of the rights offering, EXCO is distributing to its common shareholders, at no charge, one transferable subscription right for every share of common stock held of record as of 5:00 p.m., New York City time, on December 19, 2013, the previously announced record date. Each subscription right entitles the holder thereof to purchase 0.25 of a share of common stock for each share of common stock owned as of the record date at a purchase price of $5.00 per share. In addition to being able to purchase their pro rata portion of the shares offered based on their ownership as of the record date for the rights offering, shareholders may oversubscribe for additional shares of common stock as described in the registration statement.

As soon as practicable after the record date for the rights offering, EXCO will distribute subscription rights certificates to individuals who owned its common stock at 5:00 p.m., New York City time, on December 19, 2013. The rights offering will expire at 5:00 p.m., New York City time, on January 9, 2014.

In connection with the rights offering, the Company also announced today that it entered into two exercise commitment agreements, one with certain affiliates of WL Ross & Co. LLC, and one with Hamblin Watsa Investment Counsel Ltd. under which, subject to the terms and conditions thereof, each of them has agreed to subscribe for and purchase, in a private placement, their respective pro rata portion of shares under the basic subscription right and all unsubscribed shares under the over-subscription privilege, subject to availability and the pro rata allocation among the subscription rights holders who have elected to exercise their over-subscription privilege and subject to the terms and conditions set forth in their respective agreements.

Questions about the rights offering or requests for additional copies of the rights offering documents may be directed to D.F. King & Co., Inc., the information agent for the rights offering, at (800) 755-7250 (for banks or brokers, (212) 269-5550), or Continental Stock Transfer & Trust Company, the subscription agent for the rights offering, at (917) 262-2378.

The rights offering will be made only by means of a prospectus. 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

DALLAS–(BUSINESS WIRE)–Dec. 9, 2013– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) has set 5:00 p.m., New York City time, on December 19, 2013 as the record date for its proposed rights offering which was previously announced.

In connection with the rights offering, the Company anticipates that it will distribute, at no charge, to its common shareholders, one subscription right for every share of common stock held of record as of the record date. Each subscription right will entitle the holder thereof to purchase 0.25 of a share of common stock at a cash subscription price of $5.00 per share, to be more fully described in a prospectus to be filed with the Securities and Exchange Commission.

A registration statement related to these securities has not yet been filed with the Securities and Exchange Commission. 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, including when available, copies of the prospectus relating to the rights offering 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: 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. 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

DALLAS–(BUSINESS WIRE)–Dec. 2, 2013– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that it is rescheduling its previously scheduled analyst meeting from December 10, 2013 to March 2014, with the specific date and time to be determined. The rescheduling of the meeting is necessitated by the Company’s recently announced intention, subject to applicable regulatory approvals, to conduct a rights offering, which will allow the Company to raise equity capital through the sale of its common shares. Certain terms of the rights and the record date to determine those shareholders entitled to receive the rights will be announced at a later date.

The distribution of the rights and the commencement of the rights offering may occur only after a registration statement to be filed by the Company with the Securities and Exchange Commission (“SEC”) becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, 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, including when available, copies of the prospectus relating to the rights offering 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 the rights offering 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: 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer

DALLAS–(BUSINESS WIRE)–Nov. 25, 2013– EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that, subject to applicable regulatory approvals, it intends to conduct a rights offering, which will allow the Company to raise equity capital through the sale of its common shares. Certain terms of the rights and the record date to determine those shareholders entitled to receive the rights will be announced at a later date.

In connection with this offering, the Company anticipates that it will distribute, at no charge, to its common shareholders, one subscription right for every four shares of common stock held of record as of the record date (currently approximately 54.6 million rights). Each subscription right will entitle the holder thereof to purchase one common share at a cash subscription price of $5.00 per share. If all of the rights are exercised, the Company would raise approximately $272.9 million. The Company currently plans to distribute transferable rights that will be listed on the New York Stock Exchange.

The distribution of the rights and the commencement of the rights offering may occur only after a registration statement to be filed by the Company with the Securities and Exchange Commission (“SEC”) becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, 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, including when available, copies of the prospectus relating to the rights offering 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: 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.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer
www.excoresources.com