EXCO Resources, Inc. (NYSE:XCO) ("EXCO" or the "Company") today announced that its Board of Directors has suspended the cash dividend to provide additional funds to reinvest into the Company. Jeff Benjamin, EXCO's chairman commented, "In view of the recent decline in oil prices and oil and natural gas companies' securities, the Board believes that EXCO's shareholders will be better served by reinvesting in our business rather than paying a dividend at this time. The Company is currently developing its 2015 budget, allocating capital to the highest risk adjusted return investments. The capital that would have been utilized by the dividend will help unlock additional value from EXCO's current asset base, particularly with the development of the Shelby natural gas asset in East Texas in 2015." EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, Louisiana and the Appalachia region. Additional information about EXCO may be obtained by contacting Chris Peracchi, Vice President of Finance and Investor Relations, and Treasurer, 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.
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