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 [...]
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 [...]
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 [...]
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 [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO”) today announced second quarter operating and financial results for 2014. Adjusted EBITDA was $105 million for the second quarter 2014, which exceeded the high-end of guidance. Production was 35 Bcfe, or 383 Mmcfe per day, for the second quarter 2014, which exceeded the high-end of guidance. Oil and natural gas operating costs for the second quarter 2014 were below the [...]
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 [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO”) today announced that its Board of Directors declared a second quarter cash dividend of $0.05 per share. The dividend is payable on June 16, 2014 to holders of record on June 2, 2014. Any future declaration of dividends, as well as the establishment of record and payment dates, is subject to the approval of EXCO’s Board of Directors. EXCO Resources Inc. is an oil and natural gas [...]
EXCO Resources Inc. (NYSE: XCO) (“EXCO”) today announced first quarter operating and financial results for 2014. Adjusted EBITDA was $112 million for the first quarter 2014, which exceeded the high-end of our guidance. Production was 37 Bcfe, or 407 Mmcfe per day, for the first quarter 2014, which exceeded our mid-point guidance. Oil and natural gas operating costs and general and administrative costs for the first [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced that it closed its underwritten offering of $500.0 million aggregate principal amount of 8.500% Notes due 2022 (the “Notes”), which were issued at 100.000% of principal amount. EXCO received net proceeds of approximately $490.0 million from the offering, after deducting discounts to the underwriters and estimated offering fees and expenses. With the net proceeds [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced that it has priced an underwritten offering of $500.0 million aggregate principal amount of 8.500% Senior Notes due 2022 (the “Notes”), at a price equal to 100% of principal amount. EXCO expects to receive net proceeds of approximately $490.0 million from the offering, after deducting discounts to the underwriters and estimated offering expenses. EXCO intends to use [...]
EXCO Resources Inc. (NYSE:XCO) (“EXCO”) today announced that, subject to market conditions, it intends to publicly offer $400.0 million aggregate principal amount of Senior Notes due 2022 (the “Notes”). The offering and sale of the Notes will be conducted pursuant to an automatic shelf registration statement on Form S-3 and preliminary prospectus supplement filed today with the Securities and Exchange Commission. EXCO [...]
EXCO Resources Inc. (NYSE: XCO) today announced that it will be releasing first quarter 2014 results on Tuesday, April 29, 2014, after market close. EXCO will host a conference call on Wednesday, April 30, 2014 at 9:00 a.m. (Central Time) to discuss the contents of this release and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 24918633. The [...]
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