• Concho Resources, Inc. ( NYSE: CXO )

Latest News & Activity


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 Texas 79701
Phone : -


2017 Capex, Production, Well Activity

Drilling & Completions

Area Wells Plan
To Drill
Wells Completed Rigs Plan
Northern Delaware Basin - - -
Southern Delaware Basin - - -
Midland Basin - - -
New Mexico Shelf - - -


Personnel (1 people)

Vice President
email -
Phone : -
Frist Name Last Name Title Email Phone
Price Moncrief Vice President ir@concho.com (432) 683-7443

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Announce Date Project Name Project TypeIn-Service Date Capacity Details
May-14-2014   Storage,Transport_Pipeline  2015  100,000 BPD  Details
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Drilling & Completion Activity
Company Name Capital $MM Area/Play Plan To Drill/Spud Wells Completed On-Production /Sales

- Concho Grows Production 26% YOY; Plans More Large-Scale Projects in 2018

November 01,2017
Summary: Concho reported its Q3 2017 results. Q3 highlights include: Q3 Production averaged 193.2 boe/d, up 26% from Q3 2016 Drilled 51 operated wells, completed 47 operated wells Production for the third quarter of 2017 averaged 193.2 thousand…

- Concho Cutting Rigs in 2H; Reports 27% YoY Production Growth

August 09,2017
[Summary: On the tenth year anniversary of its IPO, Concho released its Q2 results where its primary focus was on its activity in the Midland Basin and Delaware Basin. Highlights Include: Capex in Q2 was $380 million.  Production in Q2…

- Concho Expands Permian Pads 100%; 5-6 Wells per Pad

June 30,2017
[Summary: At the 2017 Energy Credit Conference, Concho Resources went into further details on its "manufacturing mode" in the Permian. According to Concho President and CFO Jack Harper, "manufacturing mode" translates to drilling multi-well pads across large blocks of acreage.…

- Permian Midstream Blitz: Four Companies Shell Out $6.1B for Assets

June 14,2017
[Summary: After the increase in drilling activity in the Midland and Delaware basins, midstream operators are all vying for a piece of the Permian pie. In a span of four months, four companies spent a total of $6.1 billion on…

- Concho Switches to Manufacturing Mode in Permian: Analysis of Completion Design, Well Results

May 24,2017
Shale Experts Research Group has looked at Concho's completions in the Midland and Delaware Basins and compared how increased proppant and longer laterals impact productivity.

 Company Divestiture

Announce Date Buyer$MMTypePlay/LocationDetails
Jan-24-2017 Asset Delaware Basin 
Jan-18-2016 Property Delaware Basin 
Nov-07-2012 Property Permian Basin,Midland Basin 
Feb-28-2011 Property Bakken Shale & Three Forks 
Feb-28-2011 Property Midland Basin 
Feb-28-2011 Property Bakken Shale & Three Forks 

 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Aug-03-2017 Property Midland Basin 
Nov-21-2016 Property Delaware Basin 
Aug-15-2016 Property Midland Basin 
Jan-18-2016 Property Delaware Basin 
Aug-06-2014 Property Delaware Basin 
May-13-2012 Corporate Permian Basin,Wolfcamp Shale,Cline Shale,Midland Basin-Wolfcamp,Midland Basin 
Dec-20-2011 Property Midland Basin 
Dec-22-2011 Property United States 
Nov-02-2011 Property Delaware Basin 
Nov-02-2011 Property Permian Basin 
Aug-15-2010 Property United States 
Jul-20-2010 Property Delaware Basin 
Nov-23-2009 Property United States 
Jun-08-2008 Corporate United States 

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 05,2015
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 17,2014
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 12,2013
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.