Tag: Concho Resources
Concho Resources acquires Northern Delaware Basin assets
Complementary acquisition adds scale and long-lateral drilling inventory in top-tier Red Hills area MIDLAND, Texas – Concho Resources Inc. says it reached an agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million, according to a press release. The acquired acreage is complementary to the Company’s leasehold position […]
Concho Resources completes $1.62 billion acquisition of Midland Basin assets
Concho Resources acquires 10 million boe/d in deal, 67% comprised of oil MIDLAND, Texas – Concho Resources Inc. completed acquisition of 40,000 net acres in the core of the Midland Basin from Reliance Energy for approximately $1.625 billion. The acquired assets, which are located in Andrews, Martin and Ectorcounties in Texas. Concho is currently running one rig […]
Concho Resources acquires $1.625 billion in Midland Basin assets
Concho intends to fund cash portion of acquisition through proceeds from potential equity market transaction MIDLAND, Texas – Concho Resources Inc. announced it has reached an agreement to acquire 40,000 net acres in the core of the Midland Basin from Reliance Energy, a Midland-based energy company, for $1.625 billion, according to a press release. The privately […]
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