Press release from Business Wire
EXCO Resources, Inc. Announces Redetermination of Borrowing Base
Tuesday, November 08, 2011
DALLAS (Business Wire) -- EXCO Resources, Inc. (NYSE: XCO) (“EXCO”) today announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an increase in the borrowing base from $1.5 billion to $1.6 billion. Currently, $1.0 billion is drawn under the revolving credit agreement. The next re-determination of the borrowing base is scheduled to occur on April 1, 2012.
EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.
Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO's Chairman, Douglas H. Miller, or its President, Stephen F. Smith, at EXCO's headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO's website at www.excoresources.com. EXCO's SEC filings and press releases can be found under the Investor Relations tab.
EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Stephen F. Smith, 214-368-2084