Exco Resources (EXCO) 8-K Exco Resources, Inc. Announces Offering of Notes

Exhibit 99.2

2

Year

1

2

3

4

5

6

7

8

9

10

Avg % Decline

69%

48%

37%

29%

23%

20%

17%

15%

13%

12%

Production (MCF)

2,352,669

1,062,685

597,318

401,627

297,610

233,834

191,086

160,622

137,918

120,407

Total Cum (MCF)

2,352,669

3,415,354

4,012,672

4,414,299

4,711,909

4,945,743

5,136,829

5,297,451

5,435,369

5,555,776

% of EUR

34%

49%

58%

64%

68%

72%

74%

77%

79%

81%

CAPEX ($M)

$7,500

EUR (BCF)

6.9

Average WI

45.9%

Average NRI

35.1%

Mmcfe/d IP

13.0

Mmcfe/d 1st Month

11.6

% Gas / % Oil

100 / 0

IRR @ Base Case

48%

NPV@10% ($M)

$4,586

2014

2015

2016

2017

2018

2019+

GAS

$4.17

$4.15

$4.13

$4.16

$4.22

$4.75

Desoto Core Haynesville 6.9 Bcf Proved Curve

6 Wells Per Section

TYPE WELL ECONOMICS

3

Year

1

2

3

4

5

6

7

8

9

10

Avg % Decline

73%

38%

26%

19%

16%

13%

11%

10%

9%

8%

Production (BBL)

83,690

37,599

25,832

20,067

16,576

14,211

12,492

11,180

10,142

9,299

Total Cum (BBL)

83,690

121,290

147,122

167,188

183,764

197,975

210,467

221,646

231,788

241,087

% of EUR

24%

34%

42%

47%

52%

56%

60%

63%

66%

68%

CAPEX ($M)

$7,150

EUR (MBOE)

375.0

Average WI

16.0%

Average NRI

12.0%

Bbl/d IP

490.0

Bbl/d 1st Month

434.0

% Gas / % Oil

7 / 93

IRR @ Base Case

34%

NPV@10% ($M)

$3,117

2014

2015

2016

2017

2018+

OIL

$95.61

$88.08

$83.42

$80.55

$80.00

Eagle Ford 375 MBOE

Proved Type Curve

500’

Spacing Between Wells –

7,100’

ELL

TYPE WELL ECONOMICS

4

Multi-Year Inventory in the Haynesville/Bossier

Identified 1,206 operated locations; ~600 locations achieve a +20% IRR at current

forward strip

Greater than 14 years of economic (+20% IRR) drilling inventory at current pace of 42

spuds per year

(1) Jebel break-even price is representative of the avg. lateral length in the Jebel field.

Note: Desoto Core/South, CCM, Jebel are based on audited Proved type curves; All locations are not booked in Proved reserve category.

Illustrative Example of Eagle Ford Buyback

Eagle Ford Buyback Example

1.

Assumes Q1 2015 strip pricing

($ in millions)

Expected Q1 2015

tranche of 23 wells

KKR capital investment

$90

1.2x KKR capital spend

108

KKR share of 1st year cash flows

(58)

EXCO buyout cost for drilling capital expenditures

$50

$86

EXCO buyout cost for drilling capital expenditures

(50)

Remaining PV-10 value allocated 50%/50% between EXCO and KKR

$36

Total EXCO buyout cost

EXCO buyout cost for drilling capital expenditures

$50

EXCO buyout cost for 50% of remaining PV-10

18

Total

$68

EXCO’s buyout cost for PDP properties with cash flow is readily financeable

EXCO pays $68 million for $86 million of PV-10

resulting in ~PV-16% purchase

5

PV-10

estimate

of

23

well

tranche

¹