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Concho Exceeds 10 Million BOE in the Permian; Talks Completions
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Concho Resources Inc. reported results for the third quarter of 2014 and provided an outlook for 2015.
Highlights: Concho delivered record quarterly production, exceeding 10 million BOE, and achieved 23% crude oil production growth over the same quarter a year ago. Production for the third quarter of 2014 averaged 113.5 MBoepd and was negatively impacted by approximately 2 MBoepd due to weather-related downtime. The Company continued to deliver industry-leading well performance in the northern Delaware Basin. Earnings for the third quarter of 2014 totaled $2.69 per diluted share, or $1.09 per diluted share on an adjusted basis1 (non-GAAP). This compares with earnings of $0.29 per diluted share, or $1.06 per diluted share on an adjusted basis, in the third quarter of…- ✓ Full news archive — U.S., Canada & international coverage
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