EXCO Resources, Inc. Announces Closing of TGGT Holdings, LLC Sale

  EXCO Resources, Inc. Announces Closing of TGGT Holdings, LLC Sale

Business Wire

DALLAS -- November 18, 2013

EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) today announced that its wholly-owned
subsidiary, EXCO Operating Company, LP (“EOC”), and an affiliate of BG Group
plc (”BG Group”) have conveyed 100% of the equity interest in TGGT Holdings,
LLC (“TGGT”) to Azure Midstream Holdings LLC (“Azure”) for an aggregate sales
price of approximately $910 million, of which approximately $875 million was
cash and the remaining portion was in the form of an approximate 7% equity
interest in Azure split equally between EXCO and BG Group, subject to
post-closing adjustments and customary terms and conditions.

EXCO received cash proceeds of approximately $240 million after repayment of
TGGT’s credit agreement. EXCO’s cash proceeds were applied to reduce the asset
sale tranche under its credit agreement.

EXCO is an oil and natural gas exploration, exploitation, development and
production company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and Appalachia.

Additional information about EXCO may be obtained by contacting Chris
Peracchi, Director of Finance and Investor Relations and Treasurer, at EXCO’s
headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone
number (214) 368-2084, or by visiting EXCO’s website at www.excoresources.com.
EXCO’s SEC filings and press releases can be found under the Investor
Relations tab.

This release may contain forward-looking statements relating to future
financial results, business expectations and business transactions. Actual
results may differ materially from those predicted as a result of factors over
which EXCO has no control. Such factors include, but are not limited to:
estimates of reserves, commodity price changes, regulatory changes and general
economic conditions. These risk factors and additional information are
included in EXCO’s reports on file with the Securities and Exchange
Commission. EXCO undertakes no obligation to publicly update or revise any
forward-looking statements.

Contact:

EXCO Resources, Inc.
Chris Peracchi, 214-368-2084
Director of Finance and Investor Relations and Treasurer