CXO

Concho aims to right the ship after disastrous previous results

October 30, 2019

Houston Chronicle Midland’s Concho Resources reported a rising profit and increased oil production for the third quarter, helping to right the ship after disastrous results earlier this year. Fairly or not, Concho was pegged as a poster child for weakening returns in the booming Permian Basin after its so-called Dominator project spaced 23 wells too closely together and led to disappointing production results. Concho’s stock

Concho Resources and Solaris Water Form JV in the Delaware Basin

August 1, 2019

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 joint venture (JV) with Solaris Water Midstream, a wholly-owned subsidiary of Solaris Midstream Holdings LLC. The partnership between the two

RSP Permian Earns $90 Million, Production Up 39%

May 3, 2018

RSP Permian Inc. (ticker: RSPP) posted a Q1 2018 net income of $89.6 million, or $0.57 per diluted common share. Production for the quarter increased 39% to 62.8 MBOEPD (72% oil, 87% liquids) compared to Q1 2017. Drilling The company operated seven horizontal rigs and three full-time completion crews during the first quarter of 2018 (third crew added in late

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

May 2, 2018

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 million, or $4.37 per share. Additionally, the company said it has reduced its total debt by $320 million in Q1

Concho Resources Produces 70 MMBOE

February 21, 2018

Concho Resources Inc. (ticker: CXO) produced 19 MMBOE in Q4 2017, an average of 211 MBOEPD. This is 28% more than Q4 2016 and 9% more than Q3 2017. Average daily crude oil production for fourth-quarter 2017 totaled 130 MBOPD, an increase of approximately 30% from fourth-quarter 2016 and 9% from third-quarter 2017. Natural gas production for fourth-quarter 2017 totaled

Concho aims to right the ship after disastrous previous results

Concho Resources and Solaris Water Form JV in the Delaware Basin

RSP Permian Earns $90 Million, Production Up 39%

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

Concho Resources Produces 70 MMBOE

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