PJT Partners Investment Banking Pitch Book

Organization Chart The Company's legal structure is presented below. Based upon legal diligence, limited unencumbered asset value exists outside of the guarantor group. EXCO Partners GP, LLC GP EXCO Partners OLP GP, LLC 50% PCMWL EXCO GP Partners Old, LP GP LP EXCO Operating Company, LP 50% Moran Land Company EXCO Services EXCO Land Company, LLC EXCO Resources, Inc. Borrower & Issuer EXCO Resources (XA), LLC 50% Bonchase Land Company EXCO Midcontinent MLP, LLC EXCO Production Company (PA). LLC 50% EXCO Holdings MLP Inc. Moran Minerals EXCO Production Company (WV). LLC 50% EXCO Holdings Inc. (PA) EBG Resources 50% EXCO Resources (PA), LLC(2) GP Raider Marketing, LP Raider Marketing GP LP Guarantor of RBL, 1.5L and 1.75L Guarantor of RBL and 1.75L Unrestricted subsidiary Borrower/Issuer Note: Based upon conversations with Counsel, it appears that substantially all assets have been pledged and liens perfected. (1) Under the sixth amendment to the 2022 Notes, EXCO Equipment Leasing, LLC is listed as a guarantor, but the entity was dissolved in 2015. (2) BG Production Company, LLC (DE) is the 50% owner of Bonchasse Land Company, L.L.C. (LA), EBG Resources, LLC (DE), Moran Land Company, L.L.C. (LA), Moran Minerals, L.L.C. (LA), PCMWL, L.L.C. (LA), EXCO Resources (PA), LLC (DE), and EXCO Appalachia Midstream, LLC (DE). Memo:(¹) Guarantor of RBL, 1.5L, 1.75L, 2L and unsecured notes Guarantor of RBL, 1.5L, 1.75L, 2L, and 8.5% notes 50% EXCO Appalachia Midstream, LLC (2) 18 DRAFT

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