- Exco Resources (XCO -1.5%) says BG Group (OTCQX:BRGYY, OTCQX:BRGXF) has elected not to acquire 50% of the recently acquired producing and undeveloped oil and gas assets in the Haynesville shale formation.
- XCO raises FY 2013 adjusted EBITDA guidance to ~$450M from $435M, the third time it has lifted expectations this year.
- The credit agreement which included a $400M asset sale requirement is amended to $269M.