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Exco Resources to cut 70 workers in Marshall

XCO $6.45 -$0.01

at close on THURSDAY

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Friday, Feb. 15, 2013, 12:01 a.m.
 

Exco Resources LLC, a Dallas-based natural gas and oil exploration company, will transfer about 35 employees to its Dallas office and lay off 35 at its Keystone Summit location in Marshall by April 5, the company said in a filing.

“Exco is relocating some of its Pennsylvania employees to its corporate headquarters in Dallas, and some employees are being released as part of a reduction in force in Pennsylvania,” said Exco spokeswoman Heather L. Lamparter.

She declined to say how many employees remained at the Marshall offices.

The changes in the Marshall office are in response to Exco's reduction in certain activity caused by the low natural gas prices, she said. The Appalachian Basin and the Marcellus (shale) remain a key focus area for Exco's future development, she said.

 

 
 


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