Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Exco Hones In on Eagle Ford, Haynesville Shales in 2013; Talks A&D
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EXCO Resources, Inc. has reported fourth quarter and full year operating and financial results for 2013.
Adjusted EBITDA was $124 million for the fourth quarter 2013 and $418 million for the full year 2013, which exceeded our mid-point guidance. Reduced leverage and improved liquidity since the third quarter 2013 through a $273 million rights offering of our common stock and $305 million of closed and announced divestitures. Capital expenditures were $101 million for the fourth quarter 2013 and $340 million for the full year 2013. Actual capital expenditures were below our mid-point guidance reflecting continued fiscal discipline. Drilled and completed 26 gross (11.8 net) operated wells for the fourth quarter 2013 and 99 gross (49.0 net) operated wells for the full year 2013. Production…- ✓ Full news archive — U.S., Canada & international coverage
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Gulf Coast - South Texas News
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