EXCO Completes $51.3 Million Acquisition of Addison Energy Inc.

Apr 27, 2001, 01:00 ET from EXCO Resources, Inc.

    DALLAS, April 27 /PRNewswire/ -- EXCO Resources, Inc. (Nasdaq:   EXCO)
 ("EXCO") announced today that it completed the previously announced
 acquisition of Addison Energy Inc., a private Canadian oil and gas company
 headquartered in Calgary.  As of January 1, 2001, total proved reserves net to
 EXCO's interest included approximately 2.1 million barrels of oil and NGLs,
 and 36.9 Bcf of natural gas.  Net daily production in March 2001 was
 approximately 681 barrels of oil and NGLs and 8,150 Mcf of gas from the
 acquired properties.
     The purchase price was $51.3 million (CDN $79.2 million) cash, funded with
 bank debt from an expanded credit facility.
     The expansion of EXCO's operations into Canada is expected to provide a
 base for additional acquisitions in this country.  EXCO is currently pursuing
 additional opportunities for growth in the Alberta Province with plans to
 establish several core operating areas in light of buying opportunities which
 are developing.
     Doug Miller, EXCO's CEO, said "This acquisition will significantly
 increase EXCO's net daily oil and gas production.  With Addison's excellent
 management team, we look forward to continuing our business strategy in
 Canada."  Miller further stated, "EXCO will have an office in Calgary, Alberta
 as a result of this acquisition.  The office will be staffed by Addison's
 employees and their focus will be on acquisitions in Canada and the further
 development of the acquired properties."
     EXCO Resources, Inc. is an oil and gas acquisition, exploitation,
 development and production company headquartered in Dallas, Texas with
 principal operations in Texas, Louisiana, Mississippi and Canada.  The
 Company's stock is traded on the Nasdaq NMS under the symbol EXCO.
     Additional information about EXCO Resources, Inc. may be obtained by
 contacting the Company's President, Ted Eubank, at EXCO's headquarters,
 6500 Greenville Avenue, Suite 600, LB 17, Dallas, Texas 75206, telephone
 number (214) 368-2084.
     This release may contain forward-looking statements relating to future
 financial results or business expectations.  Business plans may change as
 circumstances warrant.  Actual results may differ materially from those
 predicted as a result of factors over which the Company has no control.  Such
 factors include, but are not limited to:  acquisitions, recruiting and new
 business solicitation efforts, commodity price changes, the extent to which
 the Company is successful in integrating recently acquired businesses,
 regulatory changes and general economic conditions.  These risk factors and
 additional information are included in the Company's reports on file with the
 Securities and Exchange Commission.
 
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SOURCE EXCO Resources, Inc.
    DALLAS, April 27 /PRNewswire/ -- EXCO Resources, Inc. (Nasdaq:   EXCO)
 ("EXCO") announced today that it completed the previously announced
 acquisition of Addison Energy Inc., a private Canadian oil and gas company
 headquartered in Calgary.  As of January 1, 2001, total proved reserves net to
 EXCO's interest included approximately 2.1 million barrels of oil and NGLs,
 and 36.9 Bcf of natural gas.  Net daily production in March 2001 was
 approximately 681 barrels of oil and NGLs and 8,150 Mcf of gas from the
 acquired properties.
     The purchase price was $51.3 million (CDN $79.2 million) cash, funded with
 bank debt from an expanded credit facility.
     The expansion of EXCO's operations into Canada is expected to provide a
 base for additional acquisitions in this country.  EXCO is currently pursuing
 additional opportunities for growth in the Alberta Province with plans to
 establish several core operating areas in light of buying opportunities which
 are developing.
     Doug Miller, EXCO's CEO, said "This acquisition will significantly
 increase EXCO's net daily oil and gas production.  With Addison's excellent
 management team, we look forward to continuing our business strategy in
 Canada."  Miller further stated, "EXCO will have an office in Calgary, Alberta
 as a result of this acquisition.  The office will be staffed by Addison's
 employees and their focus will be on acquisitions in Canada and the further
 development of the acquired properties."
     EXCO Resources, Inc. is an oil and gas acquisition, exploitation,
 development and production company headquartered in Dallas, Texas with
 principal operations in Texas, Louisiana, Mississippi and Canada.  The
 Company's stock is traded on the Nasdaq NMS under the symbol EXCO.
     Additional information about EXCO Resources, Inc. may be obtained by
 contacting the Company's President, Ted Eubank, at EXCO's headquarters,
 6500 Greenville Avenue, Suite 600, LB 17, Dallas, Texas 75206, telephone
 number (214) 368-2084.
     This release may contain forward-looking statements relating to future
 financial results or business expectations.  Business plans may change as
 circumstances warrant.  Actual results may differ materially from those
 predicted as a result of factors over which the Company has no control.  Such
 factors include, but are not limited to:  acquisitions, recruiting and new
 business solicitation efforts, commodity price changes, the extent to which
 the Company is successful in integrating recently acquired businesses,
 regulatory changes and general economic conditions.  These risk factors and
 additional information are included in the Company's reports on file with the
 Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X04662750
 
 SOURCE  EXCO Resources, Inc.