Post Tagged with: "Concho Resources"

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Source: Salt Creek Midstream

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

By Tyler Losier, Energy Reporter, Oil & Gas 360

SCM Crude LLC to solicit binding commitments for interstate gathering and transportation
SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority

Source: Solaris Water Midstream

Concho Resources and Solaris Water Form JV in the Delaware Basin

By Tyler Losier, Energy Reporter, Oil & Gas 360

Concho Resources and Solaris Water Midstream team up for produced water management in the northern Delaware Basin
Concho Resources (stock ticker: CXO), a Permian-focused unconventional shale producer, has formed a strategic

Northern Delaware Basin Operations 

From Concho.com

Shale M&A: We Are “Always Available” – Concho

“We’re always available for someone to acquire some ownership if they would like”
By Richard Rostad, analyst, Oil & Gas 360

Concho Resources (ticker: CXO) announced first quarter results today, showing a net loss of $695 million, or ($3.49) per

Concho Resources Mourns Passing of Board Member

Concho Resources Mourns Passing of Board Member

Concho Resources Inc. Mourns Passing of Board Member Ray Poage

February 4, 2019 - 5:00 pm Closing Bell Story‎, People, Press Releases
U.S. Steel Names Concho CEO Tim Leach “Chief Roughneck” for 2018

U.S. Steel Names Concho CEO Tim Leach “Chief Roughneck” for 2018

Concho Resources (stock ticker CXO) Chairman and CEO Timothy A. Leach was tapped by U. S. Steel Tubular Products, Inc., a subsidiary of United States Steel Corporation (stock ticker: X), as the recipient of the industry's Chief Roughneck Award for

Northern Delaware Basin Operations 

From Concho.com

Concho Resources Becomes Biggest Fish in the Permian Sea

Concho Resources Inc. (NYSE: CXO) announced that it has completed its acquisition of RSP Permian, Inc. (NYSE: RSPP), which now makes Concho the largest unconventional shale producer in the Permian Basin.

Under the terms of the merger, each share of …

Permian Juggernaut Concho Resources Reports $835 Million Net Income for Q1

Permian Juggernaut Concho Resources Reports $835 Million Net Income for Q1

Producing 228 MBOEPD, Running 20 Rigs

Concho Resources Inc. (ticker: CXO) bought home a net income of $835 million, or $5.58 per diluted share for Q1 2018. Last year at this reporting period, Concho had a net income of $650 …

Concho Resources Inc. Announces Appointment to the Board of Directors and Executive Management Changes

Concho Resources Inc. (Ticker: CXO) announced Thursday that Joe Wright, the company’s Executive Vice President and Chief Operating Officer, has been appointed to the Board of Directors. Wright has announced his intention to retire as an officer of the company …

May 19, 2017 - 12:00 pm Closing Bell Story‎, Crude Oil News
Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources doubles long-lateral inventory with Red Hills bolt-on

Concho Resources Inc. (ticker: CXO) announced Monday that the company has added approximately 24,000 gross (16,400 net) acres to its norther Delaware Basin assets through a $430 million deal with an …

30%-50% of Concho’s Assets Work at $40 Oil

30%-50% of Concho’s Assets Work at $40 Oil

Increased drilling efficiencies keep Concho Resources’ assets profitable

It wasn’t that long ago that oil reached above $50 per barrel. Then the recovery faltered as production reentered the market after the unplanned supply interruptions in Nigeria and Canada had started …