-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 F4rpYOigtS8qORW1dxl+hdfcM98LAc1onYhd7ZycTIz07SBMJsNbDV3fnOanuysb
 xjscg49DUgAS9qReR6crXg==

<SEC-DOCUMENT>0000950142-08-001339.txt : 20080722
<SEC-HEADER>0000950142-08-001339.hdr.sgml : 20080722
<ACCEPTANCE-DATETIME>20080722205046
ACCESSION NUMBER:		0000950142-08-001339
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080718
FILED AS OF DATE:		20080722
DATE AS OF CHANGE:		20080722

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:			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:		08964485

	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

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:		08964481

	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 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:		08964480

	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:		08964477

	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, 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:		08964478

	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, 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:		08964479

	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 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:		08964484

	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:		08964482

	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:		08964483

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_xco071808aex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-07-18</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>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15789473</value>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F9"/>
                    <footnoteId id="F10"/>
                    <footnoteId id="F14"/>
                    <footnoteId id="F15"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>34816446</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>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15789473</value>
                    <footnoteId id="F8"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F9"/>
                    <footnoteId id="F10"/>
                    <footnoteId id="F14"/>
                    <footnoteId id="F15"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>34816446</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="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B 7.0% Cumulative Conv. Perpetual Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5850</value>
                    <footnoteId id="F11"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F13"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F9"/>
                    <footnoteId id="F10"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</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="F11"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B 7.0% Cumulative Conv. Perpetual Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5850</value>
                    <footnoteId id="F12"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F9"/>
                <footnoteId id="F10"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F13"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F9"/>
                    <footnoteId id="F10"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</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="F12"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A-1 Hybrid Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F14"/>
                <footnoteId id="F15"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>24150</value>
                    <footnoteId id="F12"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F14"/>
                <footnoteId id="F15"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F13"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F14"/>
                    <footnoteId id="F15"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</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="F12"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A-1 Hybrid Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F14"/>
                <footnoteId id="F15"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>24150</value>
                    <footnoteId id="F11"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F14"/>
                <footnoteId id="F15"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F13"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F14"/>
                    <footnoteId id="F15"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</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="F11"/>
                </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;), in its capacity as general partner of Fund IV;(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, L.P.,  (&quot;Fund III&quot;);(vii) OCM Principal Opportunities Fund IIIA, L.P.(&quot;Fund IIIA&quot;);(viii) OCM
 Principal Opportunities Fund III GP, L.P. (&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 general partner 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; (xii) Oaktree Holdings, LLC
 (&quot;Holdings&quot;), in its capacity as managing member of Holdings I; (iii) OCM EXCO Holdings, LLC (&quot;OCM EXCO&quot;); (iv) Oaktree
 Capital Management, L.P. (formerly Oaktree Capital Management, LLC) (&quot;Oaktree LP&quot;), in its capacity as manager of OCM EXCO;
 (v) Oaktree Holdings, Inc. (&quot;Holdings Inc.&quot;), in its capacity as general partner of Oaktree LP; (vi) Oaktree Capital  Group,
 LLC (&quot;OCG&quot;), in its capacity as managing member of Holdings and the sole shareholder of Holdings Inc.; and (vii) 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 and Rajath Shourie, both Managing
 Directors of Oaktree LP, currently serve as directors on the Issuer's board of directors.</footnote>
        <footnote id="F7">The 15,789,473 shares of Common Stock reported are held directly by OCM EXCO.  The reporting Persons, other than OCM EXCO,
 disclaim beneficial ownership of these shares of Convertible Preferred Stock and the filing of this Form 4 shall not be
 construed as an admission that such persons are beneficial owners of these shares of Convertible Preferred Stock, except to
 the extent of any indirect pecuniary interest therein.</footnote>
        <footnote id="F8">The 15,789,473 shares of Common Stock reported are held directly by Fund IV Delaware.  The Reporting Persons, other than Fund
 IV Delaware, 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 these securities, except to the extent of any indirect pecuniary
 interest therein.</footnote>
        <footnote id="F9">Each share of Series B 7.0% Cumulative Convertible Perpetual Preferred Stock (&quot;Convertible Preferred Stock&quot;) was convertible
 at any time at the holder's election into a number of shares of Common Stock equal to the quotient of the then-current
 liquidation preference divided by the then-current conversion price. Initially, the liquidation preference was $10,000 per
 share, subject to increase if the Issuer elected to add accrued dividends to the liquidation preference in lieu of cash
 payments, and the conversion price was $19.00 per share, subject to adjustment for certain events.  On July 16, 2008, Issuer
 announced its decision to convert all outstanding shares of its Convertible Preferred Stock into Common Stock, effective
 July 18, 2008 (the &quot;Conversion Date&quot;),  pursuant to the mandatory conversion procedures set forth in the Statements of
 Designation governing the Convertible Preferred Stock.</footnote>
        <footnote id="F10">According to the announcement, at the close of business on the Conversion Date, approximately 526.3 shares of Common Stock
 were to be issued upon conversion of each share of Convertible Preferred Stock, converting the 5,850 shares of Convertible
 Preferred Stock held by Fund IV Delaware and the 5,850 shares of Convertible Preferred Stock held by OCM EXCO into 3,078,947
 shares of Common Stock to be held by Fund IV Delaware and 3,078,947 shares of Common Stock to be held by OCM EXCO.</footnote>
        <footnote id="F11">The 5,850 shares of Convertible Preferred Stock and 24,150 shares of Series A-1 Hybrid Preferred Stock (the &quot;Hybrid Preferred
 Stock&quot;) were acquired by OCM EXCO on March 30, 2007, as reported in the Form 4/A filed with the SEC on April 9, 2007.  The
 reporting Persons, other than OCM EXCO, disclaimed beneficial ownership of these shares of Convertible Preferred Stock and
 the filing of this Form 4 shall not be construed as an admission that such persons are beneficial owners of these shares of
 Convertible Preferred Stock, except to the extent of any indirect pecuniary interest therein.</footnote>
        <footnote id="F12">The 5,850 shares of Convertible Preferred Stock and 24,150 shares of Hybrid Preferred Stock reported here were acquired by
 Fund IV on March 30, 2007, as reported in the Form 4/A filed with the SEC on April 9, 2007.  As of August 13, 2007, Fund IV
 transferred all such shares of Convertible Preferred Stock and Hybrid Preferred Stock it held to Fund IV Delaware.  The
 Reporting Persons, other than Fund IV Delaware, disclaimed 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 these securities, except to the
 extent of any indirect pecuniary interest therein.</footnote>
        <footnote id="F13">The shares of Convertible Preferred Stock and, after giving effect to the approval by the Issuer's stockholders on August 30,
 2007 (the &quot;Stockholder Approval&quot;), Hybrid Preferred Stock had no expiration date.</footnote>
        <footnote id="F14">The Hybrid Preferred Stock was not originally convertible into shares of Common Stock.  After giving effect to the
 Stockholder Approval, each share Hybrid Preferred Stock was then convertible at any time at the holder's election into a
 number of shares of Common Stock equal to the quotient of the then-current liquidation preference divided by the
 then-current conversion price.  Initially, the liquidation preference was $10,000 per share, subject to increase if the
 Issuer elects to add accrued dividends to the liquidation preference in lieu of cash payments, and the conversion price is
 $19.00 per share, subject to adjustment for certain events.  On July 16, 2008, Issuer announced its decision to convert all
 outstanding shares of its Hybrid Preferred Stock into Common Stock, effective on the Conversion Date,  pursuant to the
 mandatory conversion procedures set forth in the Statements of Designation governing the Hybrid Preferred Stock.</footnote>
        <footnote id="F15">According to the announcement, at the close of business on the Conversion Date, approximately 526.3 shares of Common Stock
 were to be issued upon conversion of each share of Hybrid Preferred Stock, converting the 24,150 shares of Hybrid Preferred
 Stock held by Fund IV Delaware and the 24,150 shares of Hybrid Preferred Stock held by OCM EXCO into 12,710,526 shares of
 Common Stock to be held by Fund IV Delaware and 12,710,526 shares of Common Stock to be held by OCM EXCO.</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>2008-07-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1form4_xco071808a.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: JULY 22, 2008
                                   -------------

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/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Vice President and Assistant Secretary



                                OCM HOLDINGS I, LLC


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


                                By:  /s/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                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/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Vice President and Assistant Secretary


<PAGE>


                                OCM EXCO HOLDINGS, LLC


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


                                By: /s/ Rajath Shourie
                                    ------------------------------------------
                                Name:   Rajath Shourie
                                Title:  Managing Director


                                By:  /s/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Senior Vice President, Legal



                                OAKTREE CAPITAL MANAGEMENT, L.P.


                                By:  /s/ Rajath Shourie
                                    ------------------------------------------
                                Name:   Rajath Shourie
                                Title:  Managing Director


                                By: /s/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Senior Vice President, Legal



                                OAKTREE HOLDINGS, INC.


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


                                By: /s/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                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/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Vice President and Assistant Secretary



Potential persons who are to respond to the collection of information contained
in this form are not required to respond  unless the form  displays a currently
valid OMB Number.

<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/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                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/ Lisa Arakaki
                                    ------------------------------------------
                                Name:   Lisa Arakaki
                                Title:  Senior Vice President




Potential persons who are to respond to the collection of information contained
in this form are not required to respond  unless the form  displays a currently
valid OMB Number.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
