By Richard Rostad, analyst, Oil & Gas 360

Concho Resources (ticker: CXO) and Diamondback Energy (ticker: FANG) held year-end conference calls today, offering analysts the chance to discuss several major topics with two of the largest Permian operators.
Free cash
Q: Any way you could give us a sense of your thoughts on--call it between $50 to $60 per barrel number in '19 and '20, what the free cash flow would look like? And your thoughts on prioritizing that free cash flow in terms of cash return, the balance sheet or reinvesting in your portfolio.

CXO: I think between $50 and $60 there is a big change in the amount of free cash flow that we can generate. But I think as you look into the future, that range of pricing is very good...


Legal Notice