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Midland Basin Acquisition – Concho Resources, Inc.

Concho Resources, Inc. · Aug 24, 2016 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Midland Basin Acquisition – Concho Resources, Inc. – slide 1
    Concho Resources Acquires Midland Basin Assets AUGUST 2016
  2. Midland Basin Acquisition – Concho Resources, Inc. – slide 2
    Acquisition Highlights Expanding Core Midland Basin Position Acquiring high-quality assets in the Midland Basin Privately-negotiated transaction with private, Midland-based operator Purchase price 1.625bn, consisting of…
  3. Midland Basin Acquisition – Concho Resources, Inc. – slide 3
    Consistent with Our Strategy Opportunistic and Disciplined Portfolio Management Expanding Core Complementary acreage to existing core Midland Basin leasehold Midland Basin Premier resource with significant upside potential through…
  4. Midland Basin Acquisition – Concho Resources, Inc. – slide 4
    High-Quality Assets in the Midland Basin Expanding core Midland Basin position by 35% to more than 150,000 Regional Overview net acres Combined production totals 30 MBoepd Premier resource and returns proven by Concho and regional…
  5. Midland Basin Acquisition – Concho Resources, Inc. – slide 5
    Enhancing Value Leveraging Our Execution Strength to Add Value Lower Spraberry Well Performance Completion Optimization Drives Better Performance 200 Lower Spraberry Well Proppant Loading 180 CXO Vintage Count (lbs/ft) CXO 2 2,300…
  6. Midland Basin Acquisition – Concho Resources, Inc. – slide 6
    Low-Risk Inventory Assessment Acquired Assets Inventory Assessment War Admiral Gallant Fox High-quality acreage position with multi-zone potential de- 24 Wells/Section 16 Wells/Section risked by consistently strong War Admiral…
  7. Midland Basin Acquisition – Concho Resources, Inc. – slide 7
    Development Upside Substantial Multi-Bench and Increased Density Potential UPSIDE POTENTIAL Regional Activity Development Upside Regional geology and of Industry Wells Drilled by Zone1 52 Wells/Section industry activity suggests…
  8. Midland Basin Acquisition – Concho Resources, Inc. – slide 8
    Reinforcing Financial Position Significant Liquidity with Less Debt Unaudited Pro Forma Balance Sheet (as of 6/30/2016) BALANCE SHEET Adjustments STRENGTH Actual Pro Forma 6/30/16 Reliance Bond 6/30/16 Prudently capitalizing…
  9. Midland Basin Acquisition – Concho Resources, Inc. – slide 9
    Key Takeaways Building for Long-Term Value Creation Expanding Core Inventory Providing Growth Outlook Reinforcing Financial Position Acquiring approximately 40,000 Executing a disciplined, returns- Intend to redeem entire net acres in…

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