EXCO Resources Expects 40% Growth in Production

Fueled by acquisitions, EXCO Resources said on Monday it expects production to grow by at least 40% next year.
Reflecting the optimistic outlook, the oil and natural gas explorer, which has received a $4.36 billion buyout bid from the chief executive, approved a capital budget of $976.2 million, nearly double its current year’s $496.8 million budget.
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Source: Fox Business