-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FFRQFj6QkvaKiCqGKgyy2S3xbXJJ0oDVRUsV1h1LYSGnzxzPay6jeTMZ1qO3aT9W
 ImnUosNhiGwMB11nU/Fk2Q==

<SEC-DOCUMENT>0000950142-07-002752.txt : 20071205
<SEC-HEADER>0000950142-07-002752.hdr.sgml : 20071205
<ACCEPTANCE-DATETIME>20071205195955
ACCESSION NUMBER:		0000950142-07-002752
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071203
FILED AS OF DATE:		20071205
DATE AS OF CHANGE:		20071205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital Group, LLC
		CENTRAL INDEX KEY:			0001403528
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287936

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oaktree Holdings, Inc.
		CENTRAL INDEX KEY:			0001403382
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287937

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OCM HOLDINGS I, LLC
		CENTRAL INDEX KEY:			0001407178
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287939

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	FORMER NAME:	
		FORMER CONFORMED NAME:	OAKTREE HOLDINGS I, LLC
		DATE OF NAME CHANGE:	20070718

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OAKTREE HOLDINGS, LLC
		CENTRAL INDEX KEY:			0001407181
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287940

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital I, L.P.
		CENTRAL INDEX KEY:			0001403530
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287941

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital Group Holdings GP, LLC
		CENTRAL INDEX KEY:			0001403525
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287943

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXCO RESOURCES INC
		CENTRAL INDEX KEY:			0000316300
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				741492779
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12377 MERIT DR
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
		BUSINESS PHONE:		2143682084

	MAIL ADDRESS:	
		STREET 1:		12377 MERIT DR
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OCM EXCO Holdings, LLC
		CENTRAL INDEX KEY:			0001395116
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287938

	BUSINESS ADDRESS:	
		STREET 1:		C/O OAKTREE CAPITAL MANAGEMENT, LLC
		STREET 2:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		213-830-6300

	MAIL ADDRESS:	
		STREET 1:		C/O OAKTREE CAPITAL MANAGEMENT, LLC
		STREET 2:		333 SOUTH GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital Group Holdings, L.P.
		CENTRAL INDEX KEY:			0001403527
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287935

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OAKTREE CAPITAL MANAGEMENT LP
		CENTRAL INDEX KEY:			0000949509
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32743
		FILM NUMBER:		071287942

	BUSINESS ADDRESS:	
		STREET 1:		333 S GRAND AVENUE 28TH FL
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		2138306300

	MAIL ADDRESS:	
		STREET 1:		333 S GRAND AVE 28TH FL
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	FORMER NAME:	
		FORMER CONFORMED NAME:	OAKTREE CAPITAL MANAGEMENT LLC
		DATE OF NAME CHANGE:	20010605
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_xco120307aex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-12-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000316300</issuerCik>
        <issuerName>EXCO RESOURCES INC</issuerName>
        <issuerTradingSymbol>XCO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403525</rptOwnerCik>
            <rptOwnerName>Oaktree Capital Group Holdings GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000949509</rptOwnerCik>
            <rptOwnerName>OAKTREE CAPITAL MANAGEMENT LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403530</rptOwnerCik>
            <rptOwnerName>Oaktree Capital I, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407181</rptOwnerCik>
            <rptOwnerName>OAKTREE HOLDINGS, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE, 28TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407178</rptOwnerCik>
            <rptOwnerName>OCM HOLDINGS I, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE, 28TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001395116</rptOwnerCik>
            <rptOwnerName>OCM EXCO Holdings, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OAKTREE CAPITAL MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>333 SOUTH GRAND AVENUE, 28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403382</rptOwnerCik>
            <rptOwnerName>Oaktree Holdings, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403528</rptOwnerCik>
            <rptOwnerName>Oaktree Capital Group, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001403527</rptOwnerCik>
            <rptOwnerName>Oaktree Capital Group Holdings, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 SOUTH GRAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Nonqualified Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.96</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F7"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <value>2017-12-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>112500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is being filed by: (i) OCM Principal Opportunities Fund IV Delaware, L.P. (&quot;Fund IV Delaware&quot;); (ii) OCM
 Principal Opportunities Fund IV Delaware GP Inc. (&quot;Fund IV Delaware GP&quot;), in its capacity as general partner of Fund IV
 Delaware; (iii) OCM Principal Opportunities Fund IV, L.P. (&quot;Fund IV&quot;), in its capacity as sole shareholder of Fund IV
 Delaware GP; (iv) OCM Principal Opportunities Fund IV GP, L.P. (&quot;Fund IV GP&quot;); (v) OCM Principal Opportunities Fund IV GP
 Ltd. (&quot;Fund IV GP Ltd.&quot;), in its capacity as general partner of Fund IV GP; (vi) OCM Principal Opportunities Fund III (&quot;Fund
 III&quot;); (vii) OCM Principal Opportunities Fund IIIA, L.P. (&quot;Fund IIIA&quot;); (viii) OCM Principal Opportunities Fund III GP, LLC
 (&quot;Fund III GP&quot;), in its capacity as general partner of Fund III and Fund IIIA; and (ix) Oaktree Fund GP I, L.P. (&quot;GP I&quot;), in
 its capacity as sole shareholder of Fund IV GP Ltd. and the managing member of Fund III GP.</footnote>
        <footnote id="F2">This Form 4 is also being filed by (i) Oaktree Capital I, L.P. (&quot;Capital I&quot;), in its capacity as general partner of GP I;
 (ii) OCM Holdings I, LLC (&quot;Holdings I&quot;), in its capacity as general partner of Capital I; (iii) Oaktree Holdings, LLC
 (&quot;Holdings&quot;), in its capacity as managing member of Holdings I; (iv) OCM EXCO Holdings, LLC (&quot;OCM EXCO&quot;); (v) Oaktree
 Capital Management, L.P. (formerly Oaktree Capital Management, LLC) (&quot;Oaktree LP&quot;), in its capacity as manager of OCM EXCO;
 (vi) Oaktree Holdings, Inc. (&quot;Holdings Inc.&quot;), in its capacity as general partner of Oaktree LP; (vii) Oaktree Capital
 Group, LLC (&quot;OCG&quot;), in its capacity as managing member of Holdings and the sole shareholder of Holdings Inc.; and (viii)
 Oaktree Capital Group Holdings, L.P. (&quot;OCGH&quot;), in its capacity as holder of a majority of the voting units of OCG.</footnote>
        <footnote id="F3">This Form 4 is also being filed by Oaktree Capital Group Holdings GP, LLC (&quot;OCGH GP&quot;), in its capacity as general partner of
 OCGH (each of Fund IV Delaware, Fund IV Delaware GP, Fund IV, Fund IV GP, Fund IV GP Ltd., Fund III, Fund IIIA, Fund III GP,
 GP I, Capital I, Holdings I, Holdings, OCM EXCO, Oaktree LP, Holdings Inc., OCG, OCGH and OCGH GP, a &quot;Reporting Person&quot; and
 collectively, the &quot;Reporting Persons&quot;).  The addition of Reporting Persons who were not previously filers of the Form 4/A
 filed with the Securities and Exchange Commission (&quot;SEC&quot;) on April 9, 2007 is being made to reflect the internal corporate
 restructuring of Oaktree Capital Management, LLC on May 25, 2007.</footnote>
        <footnote id="F4">Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has
 responsibility for the accuracy or completeness of information supplied by another Reporting Person.  Each Reporting Person,
 other than Fund IV Delaware, Fund III, Fund IIIA and OCM EXCO with respect to their respective direct holdings, disclaims
 beneficial ownership the securities reported herein except to the extent of their respective pecuniary interest therein and
 the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of
 any securities covered by this Form 4.</footnote>
        <footnote id="F5">OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A.
 Karsh, Sheldon M. Stone, D. Richard Masson, Larry W. Keele, Stephen A. Kaplan, John B. Frank, David M. Kirchheimer and Kevin
 L. Clayton (each, an &quot;OCGH GP Member&quot; and collectively, the &quot;OCGH GP Members&quot;).  In such capacity, the OCGH GP Members may
 be deemed indirect beneficial owners of the securities reported herein.  Except to the extent of their respective pecuniary
 interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4
 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form
 4.</footnote>
        <footnote id="F6">The Reporting Persons, other than Fund III GP, Fund III and Fund IIIA, may be deemed a director by virtue of their right to
 elect representatives to serve on the Issuer's board of directors.  B. James Ford, who was elected to serve on the Issuer's
 board of directors on December 1, 2007, and Rajath Shourie, both Managing Directors of Oaktree LP, currently serve as
 directors on the Issuer's board of directors.</footnote>
        <footnote id="F7">Mr. Ford holds these stock options to purchase 50,000 shares of Common Stock of the Issuer for the benefit of certain funds
 managed by Oaktree LP (collectively, the &quot;Oaktree Funds&quot;). Pursuant to the policies of Oaktree, Mr. Ford must hold the
 options on behalf of and for the sole benefit of the Oaktree Funds and is assigning all economic, pecuniary, and voting
 rights to the Oaktree Funds. The Reporting Persons, other than the Oaktree Funds, disclaim beneficial ownership of these
 securities and the filing of this Form 4 shall not be construed as an admission that such persons are beneficial owners of
 any securities covered by this Form 4, except to the extent of any indirect pecuniary interest therein.</footnote>
        <footnote id="F8">The stock options vest in four equal annual installments with the first installment vesting on December 3, 2007.</footnote>
    </footnotes>

    <remarks>This Form 4 is being filed in two parts due to the large number of reporting persons.  This filing is filed by the Reporting
 Persons listed in Footnotes 2 and 3, above.  An accompanying filing is filed, on the date hereof, by the Reporting Persons
 listed in Footnote 1, above.  Both filings relate to the same series of transactions described above.</remarks>

    <ownerSignature>
        <signatureName>See Signatures included in Exhibit 99.1</signatureName>
        <signatureDate>2007-12-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1form4_xco120307a.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
EXHIBIT 99.1

This Statement on Form 4 is filed jointly by the Reporting Persons listed below.
The principal business address of each of these Reporting Persons is 333 South
Grand Avenue, 28th Fl., Los Angeles, CA 90071.

Name of Designated Filer: OAKTREE CAPITAL GROUP HOLDINGS GP, LLC

Date of Event Requiring Statement: DECEMBER 3, 2007

Issuer Name and Ticker or Trading Symbol:   XCO



                             OAKTREE CAPITAL I, L.P.

                             By: OCM Holdings I, LLC
                             Its: General Partner


                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Vice President and Secretary


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Vice President and Assistant Secretary



                             OCM HOLDINGS I, LLC



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Vice President and Secretary


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Vice President and Assistant Secretary



                             OAKTREE HOLDINGS, LLC

                             By: Oaktree Capital Group, LLC
                             Its: Managing Member



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Senior Vice President and Secretary


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Vice President and Assistant Secretary


<PAGE>



                             OCM EXCO HOLDINGS, LLC


                             By: Oaktree Capital Management, L.P.,
                             Its: Manager



                             By:   /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Managing Director and General Counsel


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Senior Vice President, Legal


                             OAKTREE CAPITAL MANAGEMENT, L.P.



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Managing Director and General Counsel


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Senior Vice President, Legal



                             OAKTREE HOLDINGS, INC.



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Sole Director, Vice President and Secretary


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Vice President and Assistant Secretary



                             OAKTREE CAPITAL GROUP, LLC



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Senior Vice President and Secretary


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title: Vice President and Assistant Secretary



<PAGE>


                             OAKTREE CAPITAL GROUP HOLDINGS, L.P.


                             By: Oaktree Capital Group Holdings GP, LLC
                             Its: General Partner



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Managing Director and General Counsel


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title:  Senior Vice President



                             OAKTREE CAPITAL GROUP HOLDINGS GP, LLC



                             By:  /s/ Todd Molz
                                 ------------------------------
                             Name:  Todd Molz
                             Title:  Managing Director and General Counsel


                             By:  /s/ Richard Ting
                                 -------------------------------
                             Name:  Richard Ting
                             Title:  Senior Vice President






</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
