Operator · Cline Shale, Haynesville Shale & Marcellus Shale
Exco Resources Inc.
80 articles mentioning Exco Resources Inc. · Page 1 of 4
Haynesville Update: Production, Rigs, Top Operators; Frac Designs
This week, we are taking a look at the latest production and well completion activity in the Haynesville from the past three years (2017-2019). Additionally we will take a close look at the activity the play...
Amidst Bankrupty, EXCO Updates Ops, Settles with Shell in the Marcellus
Even though the company is in the middle of a bankruptcy filing, EXCO Resources provided a recent update on its operations in its recent 10Q form filing. Haynesville / Bosser - JV with Shell The East...
Troubled EXCO Resources Files for Bankruptcy
[Summary: EXCO Resources has filed for bankruptcy. In September 2017, Shale Experts hinted that the company may have been headed for Chapter 11 after EXCO maxed out their credit line. This followed EXCO's failed Eagle Ford...
Troubled EXCO Delisted from NYSE Market; Begins Trading on OTC
Exco Resources' stock is in the process of being delisted from the NYSE due to EXCO's failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million. As...
Exco Resources in Forebearance with Creditors
EXCO Resources has entered into forebearance agreements in regard to its credit agreement. This comes shortly after EXCO announced it was out of NYSE compliance due to its shares being below the $1.00 mark for over...
EXCO Hit with Another Notice of Non-Compliance from NYSE
EXCO has received notice that it is out of compliance with the NYSE due to its shares falling below $1.00/share for more than a 30 day period. The notice is not related to the previously disclosed...
EXCO Sees Slight Production Drop in Q3; Finalizes $20MM Bolt-On Deal
EXCO reported its Q3 2017 results. Highlights include: Slight Production Decline QOQ: Produced 237 Mmcfe/d, down -4% compared to Q2 2017 Bolts On Acreage: EXCO finalized the acquisition of undeveloped acreage in North Louisiana for $20...
EXCO Resources Executive Chairman Resigns
EXCO Resources' Chairman John Wilder has resigned from the company's board of directors. This follows EXCO's announcement that it is exploring strategic alternatives, including the possibility of filing for bankruptcy.
EXCO Resources Heading for Bankruptcy
During its 3Q17 update, Exco Resources reported that its hired financial advisors are exploring strategic alternatives to strengthen the Company's balance sheet and maximize its value. These alternatives could include engaging in negotiation with certain stakeholders...
EXCO Reports Resignation of Director
EXCO Resources announced the resignation of Stephen J. Toy from its Board. Toy originally joined the Board in March 2017.
Exco Resources Reports Board Resignations
EXCO Resources has announced that B. James Ford and Samuel A. Mitchell have resigned from the company's Board of Directors. At the time of their respective resignations, neither Mr. Ford nor Mr. Mitchell was a member...
Is This Haynesville Operator Heading for Bankruptcy?
Exco Resources has maxed out its credit line (withdrawing the remaining $88 million from its $150 million facility) and has also retained PJT Partners as the company explores strategic alternatives. Several prior companies who have recently...
Exco & Venado Cancel $300 Million Eagle Ford Deal
Today, Exco and Venado decided to end their purchase and sale agreement for Exco's Eagle Ford asset inked on April 10, 2017. As you might remember, Exco sued Chesapeake & its oil and gas marketing arm...
Exco Resources Out of NYSE Compliance
Exco has been notified by the NYSE that it is not in compliance with listing standards to due its market cap falling below $50 million. The Company has 45 days from the receipt of the notice...
Exco's Q2 Production Dips 4% from Prior Quarter; Four Rigs Running
Exco reported its Q2 2017 results. Highlights include: - Drilled 11 gross (4.8 net) and turned-to-sales 4 gross (3.5 net) operated horizontal wells in North Louisiana in second quarter 2017. - Produced 229 Mmcfe per day,...
EXCO's Eagle Ford Deal On Ice: Sues Chesapeake
Chesapeake is under fire for terminating a longterm transaction confirmation with Raider Marketing (who merged with EOC) on May 31, 2017. As a result of this contract termination, a Purchase Agreement for EXCO to sell Eagle...
Exco Pumps Up Proppant 30% in the Haynesville; 3,500 Lbs/Foot
Exco reported its Q1 2017 results and highlights include:
Venado Inks $300MM Deal for Exco's South Texas Assets
[Summary: Exco Resources has signed an agreement with a subsidiary of Venado Oil & Gas to divest properties in South Texas for $300 million. Property Details: Eagle Ford properties located in Zavala, Frio and Dimmit counties...
Exco Resources Adds to Board of Directors
EXCO Resources announced the appointment of Randall E. King to its Board of Directors.
Private Equity Firm Rescues Haynesville Driller
[Summary : In what seems like an impossible task, Exco Resouces was able to issue new "secured" debt of $300 million to the PE Firms of Oaktree Capital Management and Energy Strategic Advisory Services (“ESAS”), a...