Operator · Bone Spring, Cline Shale & Permian Basin
Concho Resources, Inc.
80 articles mentioning Concho Resources, Inc. · Page 1 of 4
Concho Resources Third Quarter 2020 Results
Concho Resources Inc. announced its third-quarter 2020 results. The company reported a net loss of $61 million, or $0.31 per share. Adjusted net income (non-GAAP), which excludes certain non-cash and special items, for third-quarter 2020 was...
Report: Conoco in Talks to Acquire Concho Resources
ConocoPhillips is said to be in talks to acquire Permian player Concho Resources, according to a report by Bloomberg. Citing people familiar with the matter, a deal could be announced within the coming weeks. However, there...
Concho Resources Second Quarter 2020 Results
Concho Resources Inc. reported financial and operating results for second-quarter 2020. Q2 Highlights Generated cash flow from operating activities of $689 million. Operating cash flow before working capital changes (non-GAAP) totaled $550 million, exceeding capital expenditures...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Impairments MONITOR : Devon, Concho, Centennial, Southwestern, Parsley, Diamondback
We are tracking impairment charges by company. Latest in Impairments
Concho Q1: $188MM FCF, $12.3 B Impairment, Revised 2020 Rigs & Wells Program
Concho Resources Inc. reported its Q1 2020 results. Q1 Key Financial Developments & Production Free Cash Flow of $188 Million - Flat from 4Q19: Operating cash flow was $744 million, exceeding capital expenditures of $556 million,...
Permian E&P Lowers 2020 Capital Budget to $2.0B; Down 26% from Initial Plan
Concho Resources has updated its 2020 plan. The company has reduced its 2020 capital program by 26% to approximately $2 billion from the $2.6 to $2.8 billion range previously announced. Compared to 2019, this is a...
Concho Cuts Spending 11% for 2020; Delaware Drilling Cut, Midland Flat
Concho Resources Inc. reported its 2020 capital program as well as its financial and operating results for fourth-quarter and full-year 2019. 2020 Plan Highlights: Concho is decreasing spending 11% from 2019 Full year 2020 oil output...
Concho Gives Glimpse of 2020 Plans; 3Q Oil Growth, Well Cost Improvement
Concho Resources Inc. reported financial and operating results for third-quarter 2019. Estimated 2020 Capital Budget of $2.6 billion (down 10% from 2019) 3Q 2019 read through Concho reported that its oil volumes increased 12% year-over-year to...
Concho Reports 3Q 2019 Update
Concho Resource reported financial and operating results for third-quarter 2019. Third-Quarter 2019 Highlights Delivered total production of 330 MBoepd, exceeding the high end of the Company's guidance range. Achieved oil production volumes of 206 MBopd. Reduced...
M&A Highlights: Q3 2019
M&A Highlights: Q3 2019 Deals Map For the first time in recent quarters, the MidCon region has dominated the deal count compared to other plays. This development is highlighted by two deals: Apache's exit of the...
Here are the Operators Cutting Activity in 2H 2019
As Q2 reports are released, are pulling together highlights from company conference calls. Here are the notable items from several E&P's calls including Concho Resources, Cimarex, Callon, Southwestern, EOG, and Pioneer. Many companies have been reducing...
Concho Resources Talks Q2 Results, Production
Concho Resources Inc. reported financial and operating results for second-quarter 2019. Second-Quarter 2019 Highlights Exceeded second-quarter guidance with production of 329 MBoepd. Delivered strong execution towards full-year 2019 capital program. Reported a net loss of $97...
Concho Ups 2019 Production; Reducing Rigs, Completion Unchanged
Concho Resources delivered Q1 results. Here are a few key points. The company raised its full-year production growth outlook while maintaining capex guidance at $2.8B-$3B. Oil outlook is now expected to be 216 Mbbls/d a 29%...
Permian Operator To Chop 8 Rigs From 2019 Drilling Program
Hidden in Concho's 4Q 2018 Investor Presentation is the company Drilling Activity/Drilling Program for 2019. As most of you might remember, the company acquired RSP Permian in 2018 and annouced then an ambitious 2019 program, then...
Concho Chops 2019 Capex by 17%; Axes 90 Wells from Drilling Program
Concho Resources has reported a change to its original capital plans for 2019, which includes a -17% cut to its budget. The company will be decreasing its rig fleet each quarter this year - from 32...
2019 Capex / Production Comparison YOY: Permian Basin
As E&Ps begin to release 2019 operating plans, Shale Experts is taking a look at how the spending and production is changing YOY. We looked at major operators in the Permian Basin below. *Several companies have...
Concho Resources Announces Passing of Board Member
Concho Resources Inc. has reported the death of board member Ray Poage. About Mr. Poage Mr. Poage joined the Concho Board of Directors in 2007 and served most recently as a member of the Nominating &...
Concho Makes Several Leadership Changes; New COO, CFO, VPs
Concho Resources Inc. announced a series of leadership changes that enhance and expand the Company's management team. Giraud Named COO: As previously disclosed and planned, Will Giraud has assumed the position of Executive Vice President and...
Concho Boosts Rig Count +62% from Q2; Sees +49% Production Growth YOY
Concho Resources Inc. reported third-quarter 2018 results. Concho also discussed its preliminary plans for 2019 - click here to lean more. Production / Rig Highlights: - Achieved production of 287 MBoepd (up +25% from 2Q18 and...