Operator · Bone Spring, Cline Shale & Permian Basin
Concho Resources, Inc.
80 articles mentioning Concho Resources, Inc. · Page 2 of 4
Permian E&P Talks 2019 Operating Plan; Frac 400 Wells, Up Rig Count to 34
Concho Resources, who recently acquired RSP Permian, provided a early look at its 2019 operating plans. The company plans to spend $3.5 billion to drill and complete 400 wells. The company also plans to operate 34...
Concho Adding More Rigs, Completion Crews in 2H18; Talks Latest IPs
Concho Resources reported its Q2 2018 results. Increasing Rig Count / More Completion Crews As of Q2 2018, Concho is averaging 21 rigs and six completion crews. For 2H18, Concho plans to run an average of...
Concho Touts Record IP30s, Lateral Length in N. Delaware; 20 Active Rigs
Concho Resources has reported its Q1 2018 results including its drilling activity and initial production rates in the Permian Basin, Delaware Basin and Midland Basins (including Wolfcamp and Bone Spring).
Pure Play Permian Operator Spending $2B to Drill & Complete 260 Wells in 2018
Concho reported its 2018 plans as well as its Q4 2017 results. 2018 Plans - 2018 Capex: $1.9-2.1 billion (up +18% from $1.7 billion spent in 2017) D&C: $1.76-1.95 billion (93%) Other: $133-147 million (7%) By...
Energen, Resolute Lead the Pack; Drilling the Best Southern Delaware Basin Wells
Now that Q3 2017 has come to an end, we are taking a closer look at activity in the Southern Delaware Basin as well as 2018 expectations. The map below represents companies who are exploring and...
Concho Grows Production 26% YOY; Plans More Large-Scale Projects in 2018
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...
Concho Cutting Rigs in 2H; Reports 27% YoY Production Growth
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....
Concho Expands Permian Pads 100%; 5-6 Wells per Pad
[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...
Permian Midstream Blitz: Four Companies Shell Out $6.1B for Assets
[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...
Concho Switches to Manufacturing Mode in Permian: Analysis of Completion Design, Well Results
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.
Concho Announces Executive Promotions
Concho Resources Inc. announced that Joe Wright, the Company's Executive Vice President and Chief Operating Officer, has been appointed to the Board of Directors.
Concho Touts Well Results in Delaware Basin; Record Lateral, IP for Company
Concho reported its Q1 2017 results and highlights from its presentation / conference call include: Northern Delaware Well Results: Deep Area: Three wells in the Bone Spring with an average lateral length of 4,274 feet and...
Concho Adds Former NASA Exec to Board
Susan Helms joins the Company's Board of Directors after a lengthy career with the United States Air Force and NASA.
Concho To Operate 19 Rigs in 2017; Ups Spending 30% to $1.7B
The company also detailed its 2016 results.
Permian Basin E&P's : 2017 Capex up 65% Across 13 Companies
We have been tracking 2017 disclosed capEx for permian focused companies. Below is list of companies that have disclosed their planned spend for 2017. 2016 $MM 2017$MM Change Occidental Petroleum Corp 3000 3550 18% Concho Resources,...
Reeves County Well Flows 2,000 BOE/D, 10,000 ft Lateral
Horizontal well which IP'd at 1316 BOPD in Reeves County
Exclusive : Eleven (11) Permian Operators Plan To Spend $13 Billion In 2017
In the Permian Basin, there are 10 operators that have added more than $2.5 Billion to their 2017 capital expenditure plans. They represent roughly a quarter of drilling activity in the basin, operating a current 64...
1,000 BOPD Wolfcamp Well Drilled in Midland County
Horizontal well which IP'd at 1,063 BOPD in Midland County
Permian E&P Amps Up Delaware Basin Rigs for 2017; Less in the Midland
The company also revealed its 2017 budget.
Concho's Rig Count Up 30% from Prior Quarter; More Completions in 4Q
Concho Resources reported financial and operating results for the third quarter of 2016.