EXCO Seeks To Dodge Pipeline Co.'s $237M Contract Claim

By Rick Archer (October 23, 2018, 9:10 PM EDT) -- Oil and natural gas driller EXCO Resources Inc. is asking a Texas bankruptcy court to dismiss more than $237 million in breach of contract claims by a pipeline operator, arguing that the operator breached the contract first.

In a Monday motion, EXCO denied the claims that it breached its contracts with Enterprise Products and affiliate Acadian Gas Pipeline System when it failed to pay pipeline fees in 2016, arguing that Enterprise itself failed to make payments due to EXCO and that in Enterprise's best case its cure period ran out days before EXCO's did, making Enterprise the first company to breach...

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