EXCO Eyes $400M Deal To Sell Joint Venture Stake

Law360, New York (February 3, 2012, 4:42 PM EST) -- EXCO Resources Inc. is in talks to sell a one-third stake in its Louisiana midstream oil and gas joint venture to a private infrastructure fund for more than $400 million, the Texas energy development company said Friday.

EXCO said in a statement that it has entered into a 45-day exclusivity period with the fund, whose identity was not disclosed, to negotiate the sale of a one-third equity interest in TGGT Holdings LLC. The Dallas-based oil and gas firm said it expects a purchase price of at...
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