EXCO Resources Inc. announced that it is looking to sublease its entire Warrendale office, 56,000 square feet of space at Keystone Summit Corporate Park. In February, the company announced it was consolidating some of its Pennsylvania operations into its Dallas headquarters and eliminating 70 positions out of 120 in Warrendale. Some would be transferred to Texas, and some laid off. Now, company looking to close this office. The remaining employees will be relocated to Exco's Cranberry Township space, where it is leasing about 15,000 square feet. In total, 45 employees will remain here and Cranberry will be primary Pennsylvania office for the company. The sublease at Warrendale would run until October 2016.

EXCO Resources Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Oil and natural gas revenues were $138.223 million against $134.848 million a year ago. Operating income was $209.075 million against operating loss of $311.087 million a year ago. Income before income taxes was $158.12 million against loss before income taxes of $281.649 million a year ago. Net income was $158.12 million or $0.74 diluted per share against net loss of $281.649 million or $1.32 diluted per share a year ago. Net cash provided by operating activities was $43.214 million against $145.123 million a year ago. Additions to oil and natural gas properties, gathering systems and equipment were $72.911 million against $169.756 million a year ago. Property acquisitions were $33.39 million against $1.402 million a year ago. EBITDA was $219.62 million against LBITDA of $175.303 million a year ago. Adjusted EBITDA was $95.935 million against $110.510 million a year ago. Total capital expenditures were $68.349 million in the first quarter of 2013. Adjusted net income was $28.753 million or $0.13 per share against $6.748 million or $0.03 per share a year ago. The first quarter 2013 includes a $187 million gain from the contribution of 74.5% of interests in certain conventional properties to partnership with Harbinger Group Inc. (HGI). The first quarter 2012 net loss was primarily due to a $276 million non-cash ceiling test write-down of oil and natural gas properties. For the quarter, Oil, natural gas and natural gas liquids (NGL) production was 41 Bcfe, or 452 Mmcfe per day, compared with 49 Bcfe, or 537 Mmcfe per day in the first quarter 2012. The decreases in production reflect the impact of the properties contributed to the partnership with HGI and reduced drilling program initiated in 2012. First quarter 2013 production from Haynesville/Bossier shale was 337 Mmcf per day compared with 390 Mmcf per day in the first quarter 2012. First quarter 2013 production in Appalachia region was 56 Mmcfe per day, a 37% increase from the first quarter 2012. The increase reflects drilling in the Marcellus shale and completion activities which resulted in 41 additional wells coming on-line subsequent to first quarter 2012.

EXCO Resources Inc., Q1 2013 Earnings Call, May 01, 2013