We are an independent oil and natural gas company engaged in the exploration, exploitation, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. Our principal operations are conducted in certain key U.S. oil and natural gas areas including Texas, Louisiana and the Appalachia region. Our primary strategy focuses on the exploitation and development of our shale resource plays and the pursuit of leasing and acquisition opportunities.
On January 15, 2018 ("Petition Date"), the Company and certain of its subsidiaries, including EXCO Services, Inc., EXCO Partners GP, LLC, EXCO GP Partners OLP, LP, EXCO Partners OLP GP, LLC, EXCO Operating Company, LP, EXCO Midcontinent MLP, LLC, EXCO Holding (PA), Inc., EXCO Production Company (PA), LLC, EXCO Resources (XA), LLC, EXCO Production Company (WV), LLC, EXCO Land Company, LLC, EXCO Holding MLP, Inc., Raider Marketing, LP, Raider Marketing GP, LLC (collectively, the "Filing Subsidiaries" and, together with the Company, the "Debtors"), filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code ("Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas ("Court"). The Chapter 11 cases are being jointly administered under the caption In Re EXCO Resources, Inc., Case No. 18-30155 (MI) ("Chapter 11 Cases"). The Court granted all of the first day motions filed by the Debtors that were designed primarily to minimize the impact of the Chapter 11 proceedings on our operations, customers and employees. We will continue to operate our businesses as "debtors in possession" under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. We expect to continue our operations without interruption during the pendency of the Chapter 11 proceedings.
On January 22, 2018, we closed a debtor-in-possession credit agreement ("DIP Credit Agreement") with lenders including affiliates of Fairfax Financial Holdings Limited ("Fairfax"), Bluescape Resources Company LLC ("Bluescape") and JPMorgan Chase Bank, N.A. (collectively the "DIP Lenders"). The DIP Credit Agreement includes a senior secured debtor-in-possession revolving credit facility in an aggregate principal amount of $125.0 million ("Revolver A Facility") and a senior secured debtor-in-possession revolving credit facility in an aggregate principal amount of $125.0 million ("Revolver B Facility", and together with the Revolver A Facility, the "DIP Facilities"). Proceeds from the DIP Facilities were used to repay all obligations outstanding under our previous revolving credit agreement ("EXCO Resources Credit Agreement") and will provide additional liquidity to fund our operations during the Chapter 11 Cases. On January 15, 2019, we entered into an amendment to the DIP Credit Agreement to extend the maturity date from January 22, 2019 to May 22, 2019. See further discussion of the DIP Credit Agreement in "Note 5. Debt" in the Notes to our Consolidated Financial Statements.