EXCO Resources Company Description
EXCO Resources puts extra effort into oil and gas exploration and production operations in Colorado, Ohio, Oklahoma, Louisiana, Pennsylvania, Texas, and West Virginia. The company has pursued a strategy of growth through the drill bit coupled with selective acquisitions. In 2008 the oil and gas explorer reported proved reserves of 1.9 trillion cu. ft. of natural gas equivalent. EXCO Resources holds stakes in more than 11,970 gross wells. In 2009 EXCO Resources signed up British gas giant BG Group to help it develop EXCO's Haynesville shale gas assets located in East Texas and North Louisiana.
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The Company Description provides a historical perspective of EXCO Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of EXCO Resources's evolution in the marketplace.
