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Exco Resources, Inc. Announces Agreement With BG Group For Joint Development of Appalachian Assets

By TechAgreements

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EXCO will sell BG Group membership interests in companies that hold 50% of EXCO's producing and non-producing assets in Appalachia. EXCO and BG Group will jointly own an operating company that will continue serving as operator of the properties subject to oversight from a Management Board with equal representation from EXCO and BG Group. EXCO will receive total consideration of $950 million, and..

Full post as published by TechAgreements on May 10, 2010 (boomark / email).

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