Deals - Acquisition, Mergers, Divestitures
EXCO Resources Divests Interest in Compass Production Partners
Print
|
EXCO Resources, Inc. has signed an agreement to sell its 25% interest in Compass Production Partners, LP and its 50% interest in Compass Production GP, LLC to an affiliate of Harbinger Group, Inc. 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. 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 $875.0 million borrowing base will not be affected as a result of this transaction since the Partnership is not a guarantor under the EXCO Credit Agreement. We are currently in the process of the semi-annual borrowing base redetermination of the EXCO Credit Agreement and we expect the current borrowing base to be reaffirmed.
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
|---|---|---|---|---|---|
| 02/26/2026 | E&P | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal |
|
|
|
| 02/18/2026 | E&P | SM Energy Sells Eagle Ford Asset for $950 Million |
|
|
|
| 02/17/2026 | E&P | Ovintiv Sells Anadarko Assets for $3 Billion |
|
|
|
| 02/02/2026 | E&P | Vista Energy Acquires Equinor Non-Working Interest In Vaca Muera |
|
|
|
| 02/02/2026 | E&P | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank |
|
|
|
| 01/16/2026 | E&P | Mitsubishi’s Strategic Entry into U.S. Shale with Aethon’s Haynesville Platforms |
|
|
|
| 12/22/2025 | E&P | Harbour Energy Enters GOM; Buys LLOG |
|
|
|
| 12/18/2025 | E&P | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources |
|
|
|
| 12/08/2025 | E&P | Antero Resources Acquires HG Energy II for $3.9B |
|
|
|
| 12/08/2025 | E&P | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B |
|
|
|
| Total |
|