- CEO
- Harold L. Hickey
- Full Time Employees
- 153
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 12377 Merit Drive Dallas TX United States of America 75251
- IPO Date
- Feb 9, 2006
- Business
- EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties in the United States. The company focuses primarily on shale resource plays, operating significant assets in the Haynesville and Bossier shale regions of East Texas and North Louisiana; approximately 48,500 net acres in the Eagle Ford shale of South Texas; and extensive prospective areas exceeding 300,000 net acres in the Appalachian Basin, covering both the Marcellus and Utica shale formations. EXCO serves as the operator for the majority of its properties in these regions. Founded in 1955 and headquartered in Dallas, Texas, the company targets primarily natural gas production with a smaller portion derived from oil.
In terms of recent developments, EXCO Resources has pursued strategic initiatives focused on enhancing its operational efficiencies and drilling inventory, selectively pursuing acquisitions to complement its core assets. The company has also emphasized expanding its drilling and exploration activities in high-potential shale plays to drive production growth and maintain a robust pipeline of development opportunities. Although specific recent acquisitions or partnerships in the past 1-2 years are not detailed in publicly disclosed sources, EXCO continues to leverage its management expertise to exploit multi-year drilling locations and optimize production from its key shale areas.
EXCO Resources operates within the energy sector, specifically in the oil and gas exploration and production segment, servicing markets across the United States with key operations in Texas, Louisiana, and the Appalachian region. The company employs approximately 150 professionals and focuses on producing and developing natural gas and oil reserves from shale and other onshore formations.
In summary, EXCO Resources delivers onshore U.S. shale oil and natural gas exploration and production with strategic operations in major shale basins, leveraging a focused development approach and operational control across core assets to drive growth and value. The company remains committed to expansion through selective acquisitions and development within its shale resource plays, with a headquarters in Dallas, Texas, and origins dating back to 1955.