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Concho Resources, Inc. Acquired By : ConocoPhillips ( NYSE: CXO )
Permitting Activity
July 25,2022 : Concho Resources, Inc. Permitted the CABO WABO FEDERAL COM 802Y Vertical well in Eddy,NM : Permian Basin,Delaware BasinJuly 21,2022 : Concho Resources, Inc. Permitted the CABO WABO FEDERAL COM 803H Horizontal well in Eddy,NM : Permian Basin,Delaware Basin Click here for More Permits ActivityCompletion Activity / Well Results
November 30,2021 : Concho Resources, Inc. completed the PEARL JAM 1LS well in Midland,TX with 12 Million lbs of proppant using Acid Frac. The Well flowed 51 boe/d which consists of 50 Oil BOPD and 5 Mcf of gas on a 5,174 foot lateral .November 30,2021 : Concho Resources, Inc. completed the PEARL JAM 2A well in Midland,TX with 13 Million lbs of proppant using Acid Frac. The Well flowed 287 boe/d which consists of 280 Oil BOPD and 42 Mcf of gas on a 5,071 foot lateral .November 30,2021 : Concho Resources, Inc. completed the PEARL JAM 3LS well in Midland,TX with 14 Million lbs of proppant using Acid Frac. The Well flowed 215 boe/d which consists of 210 Oil BOPD and 31 Mcf of gas on a 5,083 foot lateral .November 30,2021 : Concho Resources, Inc. completed the PEARL JAM 4A well in Midland,TX with 1 Million lbs of proppant using Acid Frac. The Well flowed 504 boe/d which consists of 423 Oil BOPD and 472 Mcf of gas on a 5,068 foot lateral .October 07,2021 : Concho Resources, Inc. completed the NEAL RANCH 41 UNIT 4101LH well in Upton,TX with 25 Million lbs of proppant using Slick Water Frac. The Well flowed 1,192 boe/d which consists of 1,029 Oil BOPD and 946 Mcf of gas on a 12,536 foot lateral . Click here for More Completion ActivityLatest News & Activity
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Concho Resources Third Quarter 2020 ResultsOctober 27,2020
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Conoco to Acquire Concho Resources in $9.7B All-Stock TransactionOctober 19,2020
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Report: Conoco in Talks to Acquire Concho ResourcesOctober 14,2020
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Concho Resources Prices $500 Million Debt Offering at 2.4%August 10,2020
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Concho Resources Second Quarter 2020 ResultsJuly 30,2020
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Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in JuneMay 09,2020
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Impairments MONITOR : Devon, Concho, Centennial, Southwestern, Parsley, DiamondbackMay 07,2020
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Concho Q1: $188MM FCF, $12.3 B Impairment, Revised 2020 Rigs & Wells ProgramMay 01,2020
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Permian E&P Lowers 2020 Capital Budget to $2.0B; Down 26% from Initial PlanMarch 19,2020
Deals - Concho Resources, Inc. Acquisitions
| Announce Date | Price($MM) | Region/Basin | Headline | |
|---|---|---|---|---|
| Aug-01-2019 |  |
Permian - Delaware Basin | Concho and Solaris Forms Produced Water JV | |
| Mar-28-2018 | |
Permian - Delaware Basin,Permian - Midland Basin | Concho to Acquire RSP In Largest Permian Deal Worth $9.5 Billion | |
| Aug-03-2017 | |
Permian - Northern Midland Basin | Concho Acquires Martin County Property for $600 Million | |
| Total |
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Deals - Concho Resources, Inc. Divestiture(s)
| Announce Date | Price($MM) | Region/Basin | Headline | |
|---|---|---|---|---|
| Oct-19-2020 | |
Permian - Delaware Basin,Permian - Midland Basin | Conoco to Acquire Concho Resources in $9.7B All-Stock Transaction | |
| Sep-03-2019 | |
Permian | Concho Sells New Mexico Shelf Assets to PE-Backed Spur for $925MM | |
| Apr-02-2019 | |
Permian - Delaware Basin | Stonepeak Inks $3.6B Deal for Delaware Basin Oryx Midstream Assets | |
| Total |
|
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Capital Raised
| Announced Date | Amount($MM) | Type | Headline | |
|---|---|---|---|---|
| Aug-10-2020 |
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Debt | Concho Resources Prices $500 Million Debt Offering at 2.4% | |
| Jun-14-2018 |
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Debt | Concho Prices $1.6B Public Debt Offering | |
| Sep-13-2017 |
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Debt | Concho Resources Launches $1.8B Debt Financing | |
| Total |
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About
Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas Concho Resources Inc is headquartered in Midland, Texas
One Concho Cente
suite 600 W Illinois Avenue
Midland TX 79701
suite 600 W Illinois Avenue
Midland TX 79701
Phone Number
432 683 7443
Latest Presentations More Presentations>>
Key Slides found in this Presentation
Capital & Finance
Debt
Capital Expenditures
Financial Results
Debt Maturity Schedule
Net Debt
Operating Costs (LOE)
Hedging
Data & Charts
Table
Bar Chart
Peer Comparison
All Charts
Type Curve
Land & Legal
Locations/Inventory
Acreage & Land
Maps
Leasehold Map
All Maps
Areas of Operations
Portfolio Map
Portfolio & Operations
Operating Costs (G&A)
Frac Crews
Operating Costs
Drilling Program - Rigs Running
Drilling Program
Drilling Program - Wells Drilled
Production Rates
Corporate Production Rates
Production2
Cumulative Production
Well Information
Well Cost
Well Results/Performance
Capital & Finance
Debt
Capital Expenditures
Financial Results
Debt Maturity Schedule
Net Debt
Operating Costs (LOE)
Hedging
Data & Charts
Table
Bar Chart
Peer Comparison
All Charts
Type Curve
Land & Legal
Locations/Inventory
Acreage & Land
Maps
Leasehold Map
All Maps
Areas of Operations
Portfolio Map
Portfolio & Operations
Operating Costs (G&A)
Frac Crews
Operating Costs
Drilling Program - Rigs Running
Drilling Program
Drilling Program - Wells Drilled
Production Rates
Corporate Production Rates
Production2
Cumulative Production
Well Information
Well Cost
Well Results/Performance
Drilling Activity (
Jan 2017 - Apr 2024)
| Basin |
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| DELAWARE BASIN |
Personnel (1 people)
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Vice President
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Phone :
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Vice President
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Phone :
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| Frist Name | Last Name | Title | Phone | |
|---|---|---|---|---|
| Price | Moncrief | Vice President | ir@concho.com | (432) 683-7443 |
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Concho Resources Third Quarter 2020 Results
October 27,2020
Report: Conoco in Talks to Acquire Concho Resources
October 14,2020
Concho Resources Second Quarter 2020 Results
July 30,2020
Company Divestiture
| Announce Date | Buyer | $MM | Type | Play/Location | Details |
|---|---|---|---|---|---|
| Oct-19-2020 | |
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Corporate | Midland Basin,Delaware Basin | |
| Sep-03-2019 | |
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Property | Permian Basin | |
| Apr-02-2019 | |
|
Asset | Delaware Basin | |
Company Acquisitions
| Announce Date | Seller | $MM | Type | Play/Location | Details |
|---|---|---|---|---|---|
| Aug-01-2019 | |
|
JV | Delaware Basin | |
| Mar-28-2018 | |
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Corporate | Midland Basin,Delaware Basin | |
| Aug-03-2017 | |
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Property | Midland Basin | |
No Results found
Concho Rocks the Avalon Shale
May 19,2015
The Avalon is a shale compared to the Bone Spring, which is more of a conventional reservoir.
Concho Exceeds 1Q Guidance; Touts Permian Results, Cost Cuts
May 04,2015
Concho delivered record quarterly production of 11.9 million Boe, or 132.2 MBoepd, exceeding the high end of the Company’s guidance.
Concho Grows Permian Production 25%
February 25,2015
During 2014, the Company started drilling or participated in a total of 595 gross wells.
The Permian in 2015: 10 Companies to Drill ~1,460 Wells
February 08,2015
Part III of our feature series is focused on the Permian Basin. The ten companies below are planning to drill up to a combined 1,446 wells in 2015.
Permian Driller Slashes $1 Billion, Drops 11 Rigs From 2015 Budget
January 06,2015
The 2015 capital program includes approximately $1.8 billion for drilling and completion activities and approximately $200 million for facilities, midstream and other capital.
Concho Buck Market Trends; Increases 2015 Drilling Budget
November 07,2014
The company is targeting year-over-year production growth of 28% to 32% in 2015 and expects to spend approximately...
Concho Exceeds 10 Million BOE in the Permian; Talks Completions
November 07,2014
Concho delivered record quarterly production, exceeding 10 million BOE, and achieved 23% crude oil production growth over the same quarter a year ago.
Concho Sets Up 75 Delaware Basin Wells in 2Q; Grows Production
August 13,2014
The company is currently running 34 rigs, 23 of which are active in the Delaware Basin.
Concho to Form Midstream JV in Northern Delaware Basin
May 12,2014
Midstream JV with a private entity to construct crude oil transportation system in northern Delaware Basin.
Concho Sees Productive Delaware Bone Spring Wells
May 12,2014
Northern Delaware Basin, 39 new wells set records with average 30-day rate of 909 Boepd (74% oil) from average lateral length of 4,535'.
Five (5) Permian Basin Companies To Drill 1500 Wells
April 18,2014
Top Five Permian Companies Drilling more than 50 percent of new wells, spending...
Concho Doubles Permian Delaware, Midland Drilling Locations
February 20,2014
Currently, the Company is operating 34 drilling rigs; 2 of these rigs are drilling Yeso wells in the New Mexico Shelf, 11 are drilling in the Texas Permian and 21 are drilling in the Delaware Basin.
Concho Maintains Permian, Delaware Basin Focus; Ups Rig Count to 31
February 06,2014
In 2013 the Company drilled or participated in 633 wells (465 operated, 44% horizontal) and completed 675 wells as producers.
Concho Permian Ops See Weather Woes; Rig Count on Track
December 13,2013
The unexpected impact of the severe winter storms is expected to cause 2013 annual production to fall near the low end of its guidance range.
Concho Doubles Permian Basin 2014 Capital Budget
November 07,2013
This budget contemplates operating an average of 37 drilling rigs for 2014, of which 32 will drill horizontally.
Concho Accelerates Growth in Permian Production
November 07,2013
Production from continuing operations for the third quarter of 2013 totaled 8.7 MMBoe (5.4 million barrels of oil (“MMBbls”) and 19.6 billion cubic feet of natural gas (“Bcf”)), an increase of 19% as compared to 7.3 MMBoe (4.3 MMBbls and…
Mexco, Concho Join Forces for Bone Spring, Avalon Development
September 23,2013
Overall, Mexco has various interests in 18 horizontal wells and 138 vertical wells in Lea County, New Mexico.
Concho Tags 32 Operated Permian Rigs; Talks Production
May 02,2013
Of the Company’s 32 operated rigs, 17 are drilling horizontally, including 3 in the New Mexico shelf, 2 in the Texas Permian and 12 in the Delaware Basin.
Concho Touts Delaware, Permian Basin Growth
February 08,2013
"We are in the very early stages of driving proved reserves and production growth in the Delaware Basin," commented Tim Leach, Chairman, Chief Executive Officer and President.