Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today reported financial and operating results for the second quarter of 2017. Second-Quarter 2017 Highlights Increased production 27% year-over-year to 184.7 MBoepd. Delivered 8th consecutive quarter in which cash flows from operations exceeded capital expenditures. Continued delineation of the stacked oil resource in the Northern [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Thursday, August 3, 2017, at 8:00 AM CT (9:00 AM ET) to discuss second quarter 2017 financial and operating results. The Company plans to announce second quarter 2017 results on Wednesday, August 2, 2017, after close of trading. Conference Call Information: Dial-in: (844) 263-8298 Intl. dial-in: (478 [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today announced that Joe Wright, the Company’s Executive Vice President and Chief Operating Officer, has been appointed to the Board of Directors. Mr. Wright has announced his intention to retire as an officer of the Company in January 2019. Tim Leach, Chairman of the Board and Chief Executive Officer, commented, “Joe has [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today reported financial and operating results for the first quarter of 2017. First-Quarter 2017 Highlights Delivered quarterly production of 181.4 MBoepd, exceeding the high end of the Company’s guidance range. Raised full-year 2017 production outlook to a range of 21% - 25% annual growth and maintained capital expenditure [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Thursday, May 4, 2017, at 8:00 AM CT (9:00 AM ET) to discuss first quarter 2017 financial and operating results. The Company plans to announce first quarter 2017 results on Wednesday, May 3, 2017, after close of trading. Conference Call Information: Dial-in: (844) 263-8298 Intl. dial-in: (478) 219-0007 [...]
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that Susan Helms has been appointed to the Company’s Board of Directors. Ms. Helms joins the Company’s Board of Directors after a lengthy career with the United States Air Force and NASA. Ms. Helms was commissioned from the U.S. Air Force Academy in 1980 and served in the United States Air Force until her [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today reported financial and operating results for the fourth quarter and full year of 2016. Fourth-Quarter & Full-Year 2016 Highlights Delivered quarterly production of 164.3 MBoepd, up 7% quarter-over-quarter. Achieved quarterly crude oil production in excess of 100 MBopd for the first time in Company history. Reported a quarterly net [...]
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as it applies to the previously announced sale of the Company’s ownership interests in Alpha Holding Company, LLC, the owner of the Alpha Crude Connector system (“ACC”), to Plains All American Pipeline, L.P. (NYSE [...]
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) and Frontier Midstream Solutions, LLC (“Frontier”) today announced that they have entered into separate agreements to sell 100% of their respective ownership interests of Alpha Holding Company, LLC, the owner of the Alpha Crude Connector system (“ACC”), to Plains All American Pipeline, L.P. (NYSE: PAA [...]
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Wednesday, February 22, 2017, at 8:30 AM CT (9:30 AM ET) to discuss fourth quarter and full-year 2016 financial and operating results. The Company plans to announce fourth quarter and full-year 2016 results on Tuesday, February 21, 2017, after close of trading. Conference Call Information: Dial-in: (844 [...]
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an offering of $600 million aggregate principal amount of senior unsecured notes due 2025. The notes will bear interest at a rate of 4.375% per annum and will be issued at par. Concho intends to use the net proceeds from the offering to finance the redemption of all of its outstanding 6.5% Senior Notes [...]
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it intends, subject to market conditions, to publicly offer $600 million aggregate principal amount of senior unsecured notes due 2025. The senior unsecured notes will be fully and unconditionally guaranteed by all of Concho’s current subsidiaries. Concho intends to use the net proceeds from the offering to [...]