BRIEF-Exco Resources to divest South Texas oil, and gas properties
Pubdate：2017-04-11 10:22
Source：liyanping
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April 10 (Reuters) - Exco Resources Inc (XCO.N)
* Exco Resources executes agreement to divest south texas oil and natural gas properties
* Exco Resources Inc- purchase price of $300 million is subject to customary closing conditions
* Exco Resources-properties to be divested include interests in oil & natural gas properties,surface acreage in zavala, frio and dimmit counties in Texas
* Exco Resources - intends to use proceeds to fund drilling, development of its core haynesville and bossier shale assets in North Louisiana and East Texas
* Exco Resources - after closing of sale, borrowing base under company's revolving credit agreement will be $100 million
* Exco Resources Inc - next borrowing base redetermination under credit agreement is set to occur in november 2017
Source text for Eikon: Further company coverage: (XCO.N)
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