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XCO > SEC Filings for XCO > Form 8-K on 16-Jul-2013All Recent SEC Filings

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Form 8-K for EXCO RESOURCES INC


16-Jul-2013

Completion of Acquisition or Disposition of Assets


Item 2.01 Completion of Acquisition or Disposition of Assets.
Haynesville Purchase and Sale Agreement
On July 12, 2013, EXCO Operating Company, LP, a Delaware limited partnership ("EOC") and wholly owned subsidiary of EXCO Resources, Inc. ("EXCO") closed the transactions contemplated by that certain Haynesville Purchase and Sale Agreement (the "HV PSA"), dated as of July 2, 2013, by and among EOC, Chesapeake Louisiana, L.P., an Oklahoma limited partnership ("CLLP"), Empress, L.L.C., an Oklahoma limited liability company ("ELLC"), and Empress Louisiana Properties, L.P., a Texas limited partnership ("ELP" and together with CLLP and ELLC, the "Sellers"), effective in economic terms as of January 1, 2013. Pursuant to the terms of the HV PSA, EOC purchased certain producing and non-producing oil, gas and mineral leases and wells located in its core Haynesville shale operating area in Caddo Parish and DeSoto Parish, Louisiana (collectively, the "HV Properties") from the Sellers. EOC paid a purchase price of approximately $288 million for the HV Properties (after preliminary purchase price adjustments). A description of the material terms of the HV PSA can be found in EXCO's Current Report on Form 8-K filed on July 8, 2013, which description is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On July 12, 2013, EXCO issued a press release, a copy of which is furnished as Exhibit 99.1, announcing the closing of the transactions contemplated by the HV PSA.
In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to Item 7.01 (including the information in Exhibit 99.1) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired EXCO will file the financial statements required by Item 9.01(a) of Form 8-K by an amendment to this Current Report on Form 8-K no later than 71 days from the date this Current Report on Form 8-K is required to be filed.
(b) Pro Forma Financial Information EXCO will file the financial information required by Item 9.01(b) of Form 8-K by an amendment to this Current Report on Form 8-K no later than 71 days from the date this Current Report on Form 8-K is required to be filed.
(d) Exhibits.

HN\1024579.1


Exhibit Number Description
99.1 Press Release, dated July 12, 2013

HN\1024579.1


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