DALLAS–(BUSINESS WIRE)–Jan. 10, 2008–EXCO Resources, Inc. (NYSE: XCO) today announced its decision to withdraw a registration statement previously filed by EXCO Partners, LP with respect to a proposed offering of units in a master limited partnership (MLP) formed to hold a substantial portion of EXCO’s mature producing oil and gas properties in the Appalachia, East Texas/North Louisiana, Mid-Continent and Permian Basin areas. According to Douglas H. Miller, EXCO’s Chairman and Chief Executive Officer, current market conditions do not support the completion of the offering in a manner that would result in the value enhancement to EXCO and its shareholders that was anticipated upon the initial filing of the registration statement.
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, Chairman, 214-368-2084
or
Stephen F. Smith, President, 214-368-2084
SOURCE: EXCO Resources, Inc.