Exco Resources Inc., Dallas, (NYSE: XCO) closed its acquisition of producing properties and other assets in multiple fields in the Midcontinent, South Texas, Texas and Louisiana Gulf Coast and Oklahoma from Anadarko Petroleum Corp., The Woodlands, Texas, (NYSE: APC) for $860 million in cash ($749 million after closing adjustments). Exco then sold the acquired South Texas and Gulf Coast properties to Crimson Exploration Co., Houston, (OTCBB: CXPO) for $285 million in cash ($245 million after closing adjustments) and $4.6 million in Crimson shares in a total deal valued at $289.6 million.
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