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EXCO Resources Inc (XCO.N)

XCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Exco Resources Inc sees Q3 total production 25.3 - 26.2 BCFE
Thursday, 22 Sep 2016 06:34am EDT 

EXCO Resources Inc : EXCO Resources Inc sees Fy total production 102.5 - 109.8 BCFE - SEC filing .EXCO Resources Inc sees Q3 total production 25.3 - 26.2 BCFE - SEC filing.  Full Article

Exco Resources says Chris Peracchi will become acting CFO
Monday, 22 Aug 2016 06:00am EDT 

Exco Resources Inc : Exco Resources, inc. Announces management changes . Chris Peracchi, vice president of finance and investor relations, and treasurer, will become vice president and acting cfo .Says Chris Peracchi, will become cfo effective august 22, 2016 following departure of richard a. Burnett.  Full Article

Exco Resources announces early tender offer results
Wednesday, 10 Aug 2016 06:00am EDT 

Exco Resources Inc :Exco Resources Inc announces early tender offer results for its 7.500% senior notes due 2018 and 8.500% senior notes due 2022 and receipt of consents to amend the indenture governing its 8.500% senior notes due 2022.  Full Article

Exco Resources Q2 adjusted non-gaap loss per share $0.05
Tuesday, 2 Aug 2016 04:19pm EDT 

Exco Resources Inc : Q2 adjusted non-gaap loss per share $0.05 . Exco resources, inc. Reports second quarter 2016 results . Q2 gaap loss per share $0.40 . Produced 296 mmcfe per day, or 27 bcfe, for q2 2016, consistent with q1 2016 . Implemented several initiatives to reduce lease operating costs and g&a expenses, including significant reductions in workforce . In appalachia region, company reduced work schedule of certain employees .Reduced total employees by 28%, including 20% of general and administrative employees and 38% of its field employees, since q4 2015.  Full Article

Exco Resources says it is unlikely co will comply with all covenants under revolving credit facility
Thursday, 28 Jul 2016 06:05am EDT 

Exco Resources Inc : As of june 30, 2016, company was in compliance with financial covenants under its revolving credit facility . Does not believe it will be able to comply with all of covenants under its revolving credit facility . Some factors raise substantial doubt about company's ability to continue as a going concern . Liquidity,Ability to maintain compliance with debt covenants have been negatively impacted by depressed oil, natural gas prices .Ability to continue planned principal business operations would be dependent on actions of its lenders or obtaining additional debt.  Full Article

Exco Resources streamlines board with concentrated equity ownership
Tuesday, 24 May 2016 06:00am EDT 

Exco Resources Inc : Exco Resources, Inc. streamlines board of directors with concentrated equity ownership . Expects liquidity utilization to average $10 million per month during 2016 . Exco has no debt maturities prior to July 2018. . Currently has approximately $250 million of liquidity and, after giving effect to reduction of its 2016 capital budget to $85 million . Restructuring program will target aggressive restructuring of gathering, transportation contracts, decreasing overhead, operating costs . Restructuring program will also target modifying unprofitable contracts, and reducing debt .Restructuring program to be directed by streamlined board that represent institutions that own or direct 140 million common shares.  Full Article

Exco Resources forms special committee to explore strategic alternatives
Friday, 13 May 2016 06:00am EDT 

Exco Resources Inc : Says will retain a financial advisor(s) to assist in exploration of strategic and financial alternatives . Will evaluate alternatives such as exchanges of existing indebtedness for stock renegotiation/repurchase of existing indebtedness . Says has retained Akin Gump Strauss Hauer & Feld, LLP as its legal advisor . Will evaluate alternatives such as issuance of equity, divestitures of assets, issuance of additional indebtedness . To evaluate alternatives such as in court and/or out of court restructurings, restructuring of gathering, transportation, other contracts .Exco Resources Inc Announces the formation of special committee of directors to explore strategic alternatives.  Full Article

EXCO Resources, Inc announces management changes
Thursday, 7 Apr 2016 04:38pm EDT 

EXCO Resources, Inc:Announces management changes.Effective April 15, 2016, William L. Boeing, exco's current vice president, general counsel and secretary, will resign from Exco.Says w. justin clarke will be promoted to the position of vice president, general counsel and secretary.  Full Article

EXCO Resources Inc appoints C. John Wilder as executive chairman
Wednesday, 9 Sep 2015 05:00am EDT 

EXCO Resources Inc:Appoints C. John Wilder as Executive Chairman.  Full Article

Bluescape Resources Inc enters into services and investment agreement with subsidiary of Bluescape Resources Company LLC and changes executive positions
Wednesday, 1 Apr 2015 06:00am EDT 

Bluescape Resources Inc:Says execution of services and investment agreement.Says C. John Wilder will join EXCO's Board of Directors and become EXCO's Executive Chairman.Says Harold L. Hickey, EXCO's President and Chief Operating Officer, has been appointed Chief Executive Officer and President of EXCO.Bluescape will purchase $10 mln in EXCO's common stock from company and an additional $40 mln in common stock in open market within one year from closing.  Full Article

BRIEF-Exco resources Q3 GAAP earnings per share $0.18

* Q3 GAAP earnings per share $0.18 Source text for Eikon: Further company coverage: