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EXCO halts drilling in Eagle Ford shale, cites low oil prices

Oct 27 EXCO Resources Inc, a struggling U.S. natural gas producer, said on Tuesday is has suspended oil exploration in the Eagle Ford shale of South Texas because of low crude prices.

Though many producers have pulled back in the No. 2 U.S. shale patch, EXCO now becomes one of only a few publicly traded companies to halt work there altogether since prices turned lower. Others were Comstock Resources Inc and Clayton Williams Energy Inc.

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