EXCO Resources Emerges from Bankruptcy 18 Months Later

In January 2018, some 18 years ago, MDN told you that EXCO Resources had filed for Chapter 11 bankruptcy (see Sad Day: EXCO Resources Files for Chapter 11 Bankruptcy). While EXCO no longer actively drills in the Marcellus/Utica, the company owns 281,000 net acres in Appalachia, with approximately 149,000 of these net acres prospective for the Marcellus shale, and 5,709 conventional and 126 Marcellus wells. Last week EXCO said it expects to emerge from bankruptcy in "the coming weeks"--and already wants to drill new oil wells in Texas.

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