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EXCO Resources Details 2014 Capex, Year-end 2013 Financial Results

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February 27, 2014

EXCO Resources Inc. (NYSE: XCO) detailed its 2014 capex budget and year end-2013 financial results Feb. 27.

The board of directors approved a $368 million capex budget for 2014, the company said, noting that $294 million of that amount goes to development and completion activities in East Texas, South Texas and North Louisiana—specifically the Shelby area, the Eagle Ford and DeSoto Parish in the Haynesville, respectively.

Regarding year-end 2013, capex expenditures were $340 million, below midpoint guidance, the company said.

Cash flow at year’s end, strictly from operations, was $345 ...


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