Douglas H. Miller, EXCO’s Chief Executive Officer, commented, “We are pleased to finalize the private partnership transaction with Harbinger Group and look forward to a long and profitable association. This partnership vehicle allows our companies the opportunity to capitalize on a robust market for conventional assets and to build a very substantial entity over the next few years. We are appreciative of the efforts of our collective teams in getting this transaction closed.”The foregoing summary does not purport to be a complete description of the transaction and related agreements. Interested parties should read EXCO’s other announcements and public filings regarding this transaction and related agreements by reviewing EXCO’s filings with the Securities and Exchange Commission ( www.sec.gov). We will provide additional financial and operating data in connection with our 2012 earnings release scheduled for February 20, 2013 and the related conference call on February 21, 2013.
EXCO Resources, Inc. Closes $725 Million Partnership With Harbinger Group Inc. Related To Conventional Oil And Natural Gas Properties In Texas And Louisiana
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