One-Page Deal Sheet
EXCO Acquires Property and Acreage in Texas
Exco Resources Inc. Not Disclosed
Announced Date
August 01,2008
Effective Date
March 01,2008
Close Date
July 15,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
252
Location
Region
Ark-La-Tex
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
EXCO Resources, Inc. today announced it has closed an acquisition of producing oil and natural gas properties, acreage and other assets in Gregg, Rusk, and Upshur Counties, Texas for approximately $252 million from private sellers, subject to customary post-closing purchase price adjustments. EXCO's average working interest in the properties is approximately 94% with an average net revenue interest of 72%. EXCO's estimate of net proved reserves acquired is 109 Bcfe and estimated total net reserves (proved, probable and possible) exceed 370 Bcfe exclusive of Bossier/Haynesville shale…
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