The energy explorer has hired advisers and is considering a Chapter 11 bankruptcy, the Dallas-based company said while reporting its third-quarter earnings Tuesday. Unless it can amend debt terms or get a waiver from lenders, Exco said it won’t be able to make its next interest payment on debt due in December. It reported a net loss of $19 million for the quarter.
Link to full article:
https://www.bloomberg.com/news/articles/2017-11-07/gas-driller-wilb...
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Permalink Reply by kittycatmama on Exco was so good to deal with. Hate to hear this for the company and for the people who work there. When their Eagleford Asset sale fell through, the writing was on the wall. I wonder if they will sell any of the Haynesville Assets? They have great leases in core areas
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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