One-Page Deal Sheet
Concho Resources Acquires Permian Basin Assets
Concho Resources, Inc. Apache Corp
Announced Date
August 15,2010
Close Date
October 15,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
285
Asset/Basin:
{"Permian Basin","New Mexico Shelf"}
TargetZones:
{Yeso}
% Oil:
Proved Reserves
Transaction Details: Subscribe to see
Concho Resources Inc. today announced that it has acquired additional oil and gas assets, predominately located on the New Mexico Shelf of the Permian Basin, for approximately $285 million. In connection with the Acquisition, Concho and Marbob Energy Corporation have resolved their litigation with BP America Production Company and Apache Corporation related to certain preferential purchase rights. As a result of the Acquisition, Concho and Apache will be partners in substantially all of the properties acquired today, with Apache serving as the operator.
Highlights of the Acquistion are as…
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