Exhibit 99.3

PJT Partners EXCO Resources, Inc. OPPORTUNITY OVERVIEW | Q1 2018 Confidential

Notice to Recipients
This asset overview (the “Summary”) has been prepared solely for informational purposes and is being supplied by or on behalf of EXCO Resources, Inc. (“EXCO” or the “Company”) and/or one or more of its affiliates to you in your capacity as a prospective purchaser (the “Recipient”) in considering an acquisition of any or all of the Company’s assets (the “Transaction”).
RECEIPT AND RETENTION OF THIS SUMMARY CONSTITUTES AN AGREEMENT TO BE BOUND BY THE TERMS OF THIS NOTICE. IF THE RECIPIENT IS NOT WILLING TO ACCEPT THE SUMMARY (AS DEFINED HEREIN) ON THE TERMS SET FORTH IN THIS NOTICE, IT MUST RETURN THE SUMMARY TO THE COMPANY IMMEDIATELY WITHOUT MAKING ANY COPIES THEREOF, EXTRACTS THEREFROM OR USE THEREOF.
The Recipient acknowledges and agrees that (i) the Summary is provided to the Recipient for informational purposes, (ii) neither the Company nor any of its affiliates bear any responsibility (and shall not be liable) for the accuracy or completeness (or lack thereof) of any information contained within the Summary, (iii) no representation regarding the material within the Summary is made herein by the Company, (iv) neither the Company, nor any of its affiliates have made an independent verification as to the accuracy or completeness of the information within the Summary, and (v) neither the Company, nor any of its affiliates shall have any obligation to update or supplement any information contained within the Summary or otherwise provide additional information. The Summary has been prepared to assist interested parties in making their own evaluation of the Transaction and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may consider material or desirable in making its decision to invest in the Transaction. Each Recipient of the information and data contained herein should take such steps as it deems necessary to assure that it has the information it considers material or desirable in making any decision to purchase and should perform its own independent investigation and analysis of the Transaction and the creditworthiness of the parties involved. The Recipient represents that it is sophisticated and experienced in investing in transactions similar to the Transaction. The information and data contained herein are not a substitute for the Recipient’s independent evaluation and analysis and should not be considered as a recommendation by the Company, nor any of its affiliates that any Recipient enter into the Transaction.
The Recipient acknowledges that (a) neither the Company nor any of its affiliates is in the business of providing legal, tax, investment or accounting advice, (b) the Recipient understands that there may be legal, tax, investment or accounting risks associated with the potential transaction described in the Summary, (c) the Recipient should receive legal, tax, investment and accounting advice from advisors with appropriate expertise to assess relevant risks, (d) the Recipient should apprise senior management in its organization as to the legal, tax, investment and accounting advice (and of applicable risks) associated with the Transaction and the disclaimers as to these matters, and (e) neither the Company nor any of its affiliates is making or will make any representation to any Recipient regarding the legality of an investment by any Recipient or any other person in the Transaction.
Any forward-looking statements and projections reflect various estimates and assumptions by the Company concerning anticipated results. No representations or warranties are made by the Company nor any of its affiliates as to the accuracy of any such statements or projections or with respect to any other materials contained herein. Whether or not any such forward-looking statements or projections are in fact achieved will depend upon future events some of which are not within the control of the Company nor any of its affiliates and which are in any case subject to a number of business and other risks. Accordingly, actual results may vary from the projected results and such variations may be material. Prospective acquirers should not rely on such forward-looking statements and projections.

Executive Summary
Diverse Portfolio with Substantial, High-Quality Drilling Inventory
EXCO Resources, Inc. (“EXCO” or the “Company”) has engaged PJT Partners (“PJT”) as its financial advisor to solicit proposals for the sale of its portfolio of assets.
OPPORTUNITY OVERVIEW AND SALE PROCESS DETAIL MAP OF PRIMARY ASSETS
On January 15, 2018, EXCO filed voluntary petitions for relief
Appalachia
under Chapter 11 of the US Bankruptcy Code as part of a process PA
Zavala Frio
to restructure its balance sheet
• As part of the ongoing process, the Company is seeking WV indications of interest for the sale of its assets Harrison, TX
Dimmit
• Acceptable bids will include those for the entire asset portfolio East Texas / Caddo, LA    Jackson, LA or for its three individual asset regions with indicative bids due North Louisiana on or around March 9, 2018 Gregg, TX
Red River, LA
• Binding bids to follow in accordance with sale process TX
Rusk, TX
procedures and final court approval prior to closing LA DeSoto, LA
Panola, TX
• Virtual data room (“VDR”) will be available in mid-February South 2018 for interested parties upon execution of a confidentiality Texas
Nacogdoches, TX
agreement
Shelby, TX
• Reserve database effective date of April 1, 2018, for any asset sale San Augustine, TX
Sabine, TX
PORTFOLIO SUMMARY(1)
East Texas / North Louisiana South Texas Appalachia & Other(2)
2017E Exit Net Production 208 MMcf/d 3,005 Boe/d 26 MMcf/d Net Acres / % HBP 98,100 / 87% 49,700 / 94% 181,500 / 94% Average WI / NRI of PDP Operated Wells 53% / 41% 44% / 33% 36% / 29% Gross Producing Well Count Total / Operated 854 / 532 251 / 228 145 / 115
(1) Figures as of year-end 2017.
(2) A pending Appalachia transaction may significantly increase EXCO’s working interests. In the event that the pending transaction closes, EXCO, and certain of its affiliates, would be the sole entities to convey its 2
Appalachia interests to a prospective buyer(s) per the marketing materials contained herein.

East Texas / North Louisiana Highlights
Large Operated Position in the Core of the Haynesville and Bossier Shales
PREMIER HAYNESVILLE / BOSSIER SHALE OPPORTUNITIES EAST TEXAS / NORTH LOUISIANA ACREAGE MAP
• Approximately 85,000 largely contiguous net acres in the core of the Haynesville and Bossier play(1)
• Leasehold is majority operated and 87% held by production,
TX LA providing operational control Caddo Core Acreage • Current net production of ~208 MMcf/d (87% EXCO operated
Harrison
Position with production) from ~850 producing wells
Gregg
Significant – Approximately 420 operated producing wells in the Production Louisiana Haynesville represents a leading position among producers
Jackson
• Robust PDP base supports large total reserve value Panola
• In the event of a Shell divestiture, a pref right exists for EXCO Rusk
Red River
to acquire their Haynesville / Bossier assets
DeSoto
• Identified low-risk drilling and DUC inventory primed to Shelby ramp up production levels and cash flow
Nacogdoches
Drilling • Significant operated inventory of horizontal Haynesville and Bossier drilling locations with robust drilling economics at Inventory current strip pricing
San Sabine
with • High intensity completion designs of >3,500 lbs/ft as being Augustine De-Risked, implemented by EXCO, with ongoing completion Delineated optimization up to 5,000 lbs/ft designs across the play Upside – Results of latest generation of frac designs in portion of Potential East TX are rivaling results in core Louisiana parishes
• Cross-unit laterals and well spacing, in addition to successfully tested third-party recompletions, provide GROWTH AND RESILIENCY IN REGIONAL RIG COUNT(2) incremental upside
Regional rig count has escalated with flat natural gas prices, a testament to the
• Attractive netbacks / differentials in the position due to latest generation of completion designs. proximity to Henry Hub, LNG export facilities, and region 50 $4.00 with petrochemical demand 45 Strategically – Existing major pipelines provide substantial capacity to $3.50
40 Henry
Located Near access multiple Gulf Coast and Southeast markets 35
$3.00 Hub
Key • Extensive gas gathering and water handling systems provide Count 30(
$
Infrastructure coverage across development acreage Rig 25 $2.50 /M
M
• Ongoing optimization activities with gas transportation 20 B
$2.00 tu)
providers, with the potential to leverage the bankruptcy 15 code around select executory contracts 10 $1.50
Jan-16 Apr-16 Jul-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 (1) Jackson Parish acreage is excluded in the Haynesville and Bossier play net acres.
Rig Count Henry Hub 3 (2) Haynesville rig counts per Baker Hughes. Henry Hub spot price per EIA figures.

East Texas / North Louisiana Highlights (Cont’d)
Significant Collection of High-Return, Upside Opportunities
In addition to core drilling inventory targeting the world-class Haynesville shale, EXCO has identified tremendous STRATIGRAPHIC COLUMN HORIZON OVERVIEW upside opportunities across its East Texas / North
Louisiana position LOWER Selected Commentary:
CRETACEOUS Travis Peak
Identified Upside Demonstrated Success • Thick / high OGIP

South Texas Highlights
Highly Economic Operated Asset in the Eagle Ford Oil Window
UNIQUE OPPORTUNITY IN LOW-RISK AREA OF THE PLAY SOUTH TEXAS ACREAGE MAP
• Approximately 50,000 net acre position, almost entirely HBP, Large, primarily in the prolific oil window of Zavala, Frio, and Dimmit
Zavala TX LA
Contiguous Counties
Frio
South Texas • Lower Eagle Ford thickness of up to ~200 ft across the entire position; Acreage including Upper Eagle Ford, total thickness of up to ~400 ft Position • Potential for lateral lengths in excess of 10,000 ft in some areas given lease configuration and relatively shallow depths
• Current net production of ~3,000 Boe/d (~90% oil)
– Operational control with average WI of 44%
Dimmit
Predictable – Approximately 230 operated and 20 non-op wells producing EXCO Acreage Production from the Lower Eagle Ford, Austin Chalk, and Buda formations and Cash • Predictable PDP cash flow provides solid value for debt support in an STRATIGRAPHIC COLUMN
Flow Profile acquisition financing
• Prolific Austin Chalk
• Extensive infrastructure in place with ample takeaway capacity to Escondido production in offset facilitate further development activity Olmos acreage, but largely Low-risk upside of significant gross operated Eagle San Miguel undeveloped across • consists Lower Ford drilling locations Anacacho EXCO’s position
Guilian 5,800’
Austin Chalk • Upper Eagle Ford
– Substantial running room with over half the acreage
6,100’ prospective and undeveloped
Significant, Eagle Ford untested for
• Completion design continues to evolve through increasing proppant 6,500’ Typical
Low-Risk staggered / stacked intensity from 1,250 lbs/ft to over 2,300 lbs/ft Buda TVD
Drilling in development
– Approximately 50% EUR uplift realized on larger completion Del Rio Zavala
Inventory design CRETACEOUS 6,800’ County • Buda upside consists
Georgetown plus of multi-year drilling
• Additional formations enhance upside drilling inventory (Austin Edwards Stuart City
Additional Chalk, Upper Eagle Ford, Buda, Georgetown) Comanchian inventory
Upside Glen Rose
9,400’ • Recent success
• Easily implementable operational improvements identified, including
Pearsall drilling Georgetown meaningful cost savings from full field electrification Sligo wells in Zavala
• Company owns ~6,580 surface acres that provide development flexibility and access to water supply Hosston County by CML
Coahulian Exploration
Target Formation

Appalachia Highlights
Prolific Resource Potential in the Marcellus, Upper Devonian, and Utica
OPPORTUNITY TO CAPITALIZE ON ENORMOUS GAS IN PLACE(1) APPALACHIA ACREAGE MAP
Pennsylvania
• Large, primarily operated acreage position across the Marcellus Shale(2)
Immense Net
Acreage – Approximately 82,300 net acres in Pennsylvania
Forest
– Approximately 80,600 net acres in West Virginia Elk Sullivan
Position in Lycoming
• Exposure to ~40,000 prospective net acres in the Utica Shale Clinton
World- Clarion Jefferson
Columbia
Leading • Existing production base of ~26 MMcf/d with shallow declines Clearfield from ~145 gross wells that are supported by in-place Centre
Natural Gas Armstrong infrastructure
Region Indiana
• EXCO-owned gathering system (~25miles), including three Allegheny Cambria compressor stations, in Armstrong and Centre Counties Westmoreland
Washington
• Primarily HBP acreage position (94%) provides control around the Fayette Somerset pace of future development activities
EXCO Acreage
– Position primarily held by third-party shallow well production Significant • Meaningful drilling inventory economical today; capital
Drilling constraints have hindered EXCO’s development efforts to-date,
Upside that with most recent activity in 2014
Utica XTO) is West Virginia includes Utica • drilling activity from offset operators (CNX and
Deep Rights appraising acreage in close proximity to EXCO’s Utica position Tyler
• Recent advances in completion design have considerably Taylor
Wood
Ritchie Grant
improved economic outlook Barbour
Wirt Lewis
• Upper Devonian activity progressing toward EXCO acreage Gilmer
Jackson Calhoun Upshur Roane
• Appalachian infrastructure is undergoing transformative Putnam Braxton Infrastructure expansion that is expected to outpace regional supply growth Cabell Clay
Kanawha
Buildout to – Differentials are anticipated to improve and drive down Lincoln Nicholas Enhance break-even pricing Boone Fayette
Market Access EXCO Acreage
– Over 15 Bcf/d of additional gas takeaway capacity Mingo Logan Raleigh and anticipated to be added through year-end 2019(3)
Wyoming
Economics • Improved take-away capacity to complement existing low-cost operating structure
(1) A pending Appalachia transaction may significantly increase EXCO’s working interests. In the event that the pending transaction closes, EXCO, and certain of its affiliates, would be the sole entities to convey its Appalachia interests to a prospective buyer(s) per the marketing materials contained herein.
(2) Marcellus acreage count excludes acreage in Kentucky, Virginia, New York and certain other acreage. 6 (3) Based on company disclosures and research.

Process Timing and Contact Information
• EXCO plans to conduct a two-stage sale process with indications of interest due on or around March 9, 2018
• VDR to open on or around February 12, 2018, with Management / Data Room presentations to be held in the second stage during the months of March and April
• Binding bid date, selection of Stalking Horse bidder(s), and other milestones to be dictated by sale process dynamics and court approvals
January 2018 February 2018 March 2018 S M T W T F S S M T W T F S S M T W T F S
1 2 3 4 5 6 1 2 3 1 2 3
7 8 9 10 11 12 13 4 5 6 7 8 9 10 4 5 6 7 8 9 10
14 15 16 17 18 19 20 11 12 13 14 15 16 17 11 12 13 14 15 16 17
21 22 23 24 25 26 27 18 19 20 21 22 23 24 18 19 20 21 22 23 24
28 29 30 31 25 26 27 28 25 26 27 28 29 30 31
VDR Open Indications of Interest Mgt / Data Room Presentations US Federal / Company Holiday
KEY CONTACTS
For additional information, please reach out to the following members of PJT Partners:
Keith Lord Zachary Rigoni* Jeremy Woodard* Emmanuel Recachinas Tony Yang Jennifer Wang
Managing Director Director Vice President Associate Analyst Analyst lord@pjtpartners.com rigoni@pjtpartners.com woodard@pjtpartners.com recachinas@pjtpartners.com yang@pjtpartners.com wang@pjtpartners.com Office: (212) 364-2443 Office: (212) 364-2420 Office: (212) 364-5729 Office: (212) 364-7967 Office: (212) 364-2823 Office: (212) 364-7962 Cell: (917) 353-2424 Cell: (773) 552-5202 Cell: (646) 919-7017 Cell: (203) 610-3166 Cell: (215) 858-7368 Cell: (702) 238-8050
*Denotes primary contacts.
7
formation provides Schuler flexibility to
✓EXCO Norris 1-12 HC 1 well potentially stagger /
• EXCO continuing to unlock (2017 completion design) stack laterals
Bossier Shale potential in cum’d 1.9 Bcf in 8 months Sandstone
North Louisiana with an EUR/1,000’ of 1.6 Cotton Valley Sandstones • Completion
Bcf Valley optimization drives
Bossier
EURs of >2.0
✓Continued EXCO Cotton Bcf/1000’ in East
• Evolving completion JURASSIC development optimization, Bossier Shale Texas designs with tighter stage / including design of cluster spacing elicit better staggered laterals to allow UPPER Haynesville Shale • Offset operators results demonstrating strong for additional locations Haynesville results in East Texas
Group Cotton Valley Lime
• Modern Harrison / Panola ✓Other operators with Selected Commentary: County, TX Haynesville optimized completions Louark Buckner
• Over-pressured, completion optimizations (3,000-4,000+ lbs/ft) in the thermally mature and continue to establish region are enhancing Smackover organic-rich shale that economic locations economics is highly delineated    across EXCO’s position
GR Louann Salt
✓Cemented liner
• Substantial refrac completion designs have MIDDLE Haynesville • Continued evolution inventory among vast significantly larger JURASSIC Louann Warner of Haynesville completion designs is portfolio of operated EXCO proppant volume with delivering results in wellbores; cemented liner tighter stage and cluster    excess of 3.0 Bcf recompletions are eliciting spacing; success among strong results and returns CHK, QEP and Vine UPPER TRIASSIC Eagle Mills EUR/1,000’ lateral projects
Target Formation
4