EXCO Resources Inc. (XCO) announced that its Board has approved a capital budget of $471.4 million for 2010. The company expects the budget to be fully funded with cash flow from operations.
The capital budget program in East Texas/North Louisiana includes plans to spend $255.2 million net to EXCO, or approximately 54% of the total EXCO capital budget.
The capital budget program for Appalachia Division totals $154.2 million. The company has a capital budget totaling $29.2 million for Permian Division.
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