MINERAL DEVELOPMENT INC
10-C, 1996-07-30
CRUDE PETROLEUM & NATURAL GAS
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                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                               Form 10-C

            Report by Issuer of Securities Quoted on NASDAQ

                     Interdealer Quotation System

             Filed pursuant to Section 13 or 15(d) of the
            Securities Exchange Act of 1934 and Rule 13a-17
                         or 15d-17 thereunder

                       Mineral Development, Inc.
                       -------------------------
            (Exact name of issuer as specified in charter)

      9400 N. Central Expressway, Suite 1209, Dallas, Texas 75231
      -----------------------------------------------------------
               (Address of principal executive offices)

     Issuer's telephone number, including area code (214) 368-2084
                                                    --------------

              I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:

1.   Title of security - $0.01 par value Common Stock
                         ----------------------------
2.   Number of shares outstanding before the change - 3,975,721
                                                      ---------
3.   Number of shares outstanding after the change - 795,300
                                                     -------
4.   Effective date of change - July 19, 1996
                                -------------
5.   Method of change:  Specify method (such as merger, acquisition,
     exchange, distribution, stock split, reverse split, acquisition of
     stock for treasury, etc.) - 
     Reverse stock split
     -------------------
     Give description of transaction - The Company effected a 
                                       ----------------------
     five-for-one reverse stock split of its Common Stock effective
     --------------------------------------------------------------
     as of July 19, 1996.
     -------------------

                     II.  CHANGE IN NAME OF ISSUER

1.   Name prior to change -  Mineral Development, Inc.                 
                             -------------------------
2.   Name after change -  EXCO Resources, Inc.
                          --------------------
3.   Effective date of charter amendment changing name -  July 19, 1996
                                                          -------------

4.   Date of shareholder approval of change, if required -  July 11, 1996
                                                            -------------

Date July 30, 1996            /s/ Charles W. Gleeson
                              ------------------------------------
                              Charles W. Gleeson, President and 
                              Chief Executive Officer



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