The total purchase price paid at the closing was $355.8m ($177.9m net to Exco), which is subject to customary post-closing purchase price adjustments.
The development of these assets will be governed by Exco’s East Texas/North Louisiana joint venture with BG Group. The majority of the assets acquired in this transaction represents incremental working interests in properties which Exco and BG Group acquired in the recently closed Common Resources acquisition.
Exco Resources 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.
