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Concho Sets Up 75 Delaware Basin Wells in 2Q; Grows Production
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Concho Resources Inc. reported financial and operating results for the second quarter and first half of 2014.
Highlights: Average production totaled 107.8 thousand barrels of oil equivalent per day for the second quarter of 2014, at the high end of its previously announced quarterly guidance range of 104 - 108 MBoepd Announced third quarter 2014 production guidance range of 113 - 116 MBoepd Added 31 new wells in the northern Delaware Basin with strong average 30-day and 24-hour peak rates of 931 and 1,420 Boepd, respectively Entered into agreements to acquire approximately 13,000 net acres for $95 million in the northern Delaware Basin Net income of $11.8 million, or $0.11 per diluted share, for the second quarter of 2014, as compared to net income of $84.7 million, or $0.81 per diluted…- ✓ Full news archive — U.S., Canada & international coverage
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