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EXCO Resources Posts 3Q12 Loss, Marcellus Production Up | Marcellus Drilling News
EXCO Resources released their third quarter financials and operational update yesterday. The company lost $346 million ($1.62 per share) in 3Q12, mostly because of an accounting “write-down” on the value of some of their oil and gas properties. With most of their Marcellus drilling activity concentrated in Lycoming County, PA, EXCO reports year-over-year production for