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Permalink Reply by jffree1 on May 19, 2010 at 7:34

Exco Resources closes on Haynesville Shale buy
Wednesday, May 19, 2010, 8:44am CDT

Exco Resources and BG Group has closed on its $446 million acquisition of Haynesville Shale assets.

Dallas-based Exco Resources made the buy from Houston-based Common Resources LLC, which divvied up its $805 million operation between Exco, BG Group and Talisman Energy Inc.

Through the acquisitions, Exco and BG Group are gaining access to Common’s oil- and gas-producing assets, as well as gathering lines and acres of area to explore in Shelby, San Augustine and Nacogdoches counties.

The Dallas Business Journal first wrote about this transaction last month.

Read more: Exco Resources closes on Haynesville Shale buy - Dallas Business Journal

http://dallas.bizjournals.com/dallas/stories/2010/05/17/daily20.html