Key Developments: Concho Resources Inc (CXO)

CXO on New York Consolidated

100.63USD
26 Dec 2014
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$0.77 (+0.77%)
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Latest Key Developments (Source: Significant Developments)

Concho Resources Inc gives Q4 2014 production
Wednesday, 5 Nov 2014 05:30pm EST 

Concho Resources Inc:Sees Q4 2014 production to be within the range of 122 MBoepd to 127 MBoepd.  Full Article

Concho Resources Inc gives Q3 2014 production outlook
Wednesday, 6 Aug 2014 04:30pm EDT 

Concho Resources Inc:Expects Q3 2014 production to average between 113 - 116 MBoepd.  Full Article

Concho Resources Inc announces upsizing and pricing of common stock offering
Monday, 12 May 2014 06:30pm EDT 

Concho Resources Inc:Says that it has priced public offering of 6,500,000 shares of its common stock at a price to the public of $129.00 per share.The size of the offering was upsized from 6,000,000 shares.Net proceeds from the offering are expected to be used to repay all outstanding borrowings under the company's credit facility.And proceeds used for general corporate purposes, including funding the company's three year accelerated growth plan, capital commitments associated with the recently announced midstream joint venture and future acquisitions.The company granted underwriters an option to purchase up to an additional 975,000 shares of its common stock.The offering is expected to close on May 16.Goldman, Sachs & Co., BofA Merrill Lynch, Barclays and J.P. Morgan acted as joint book-running managers.  Full Article

Concho Resources Inc announces common stock offering
Monday, 12 May 2014 06:25am EDT 

Concho Resources Inc:Registered public offering of 6,000,000 shares of common stock.Company also expects to grant underwriters an option to purchase up to 900,000 additional shares of stock.Net proceeds from offering are expected to be used to repay all outstanding borrowings under company's credit facility and for general corporate purposes.Goldman, Sachs & Co., BofA Merrill Lynch, Barclays and J.P. Morgan are acting as joint book-running managers for offering.  Full Article

Concho Resources Inc raises FY 2014 production guidance; gives Q2 2014 production guidance
Monday, 12 May 2014 05:45am EDT 

Concho Resources Inc:Raised FY 2014 annual production guidance range to 20 pct - 24 pct growth over FY 2013.Q2 2014 it expects production to average between 104 - 108 MBoepd.  Full Article

Concho Resources Inc announces midstream joint venture in Northern Delaware Basin
Monday, 12 May 2014 05:45am EDT 

Concho Resources Inc:Formed midstream joint venture with private entity to construct crude oil transportation system in northern Delaware Basin.This aligns with Company's midstream strategic objectives of improving price realizations and securing transportation for its crude oil volume.Joint venture will connect substantial portion of company's crude oil production in northern Delaware Basin and increase optionality by providing multiple delivery points.Current expectations are for system to be operational in second half of 2015.  Full Article

Concho Resources Inc gives Q1, FY 2014 production guidance
Wednesday, 19 Feb 2014 06:30pm EST 

Concho Resources Inc:Sees FY 2014 production guidance range is 18 pct - 22 pct growth over 2013 volumes.Sees Q1 2014 production to average between 98 - 101 MBoe per day.Sees Q1 2014 LOE to be above the full year guidance range of $7.50 - $8.00 per Boe due, in part, to increased costs associated with restoring production from the winter weather in the Q4 2013.  Full Article

Concho Resources Inc Narrows FY 2013 Production Guidance
Wednesday, 6 Nov 2013 04:30pm EST 

Concho Resources Inc announced that it expects fiscal 2013 production to total approximately 33.5 to 34.0 MMBoe, compared to the Company's recent production guidance range of approximately 33.4 to 34.8 MMBoe and that 2013 production will be over 62% crude oil, as compared to the previous guidance of 60% to 62% crude oil.  Full Article

Concho Resources Inc Announces Pricing Of Senior Unsecured Notes
Monday, 20 May 2013 06:13pm EDT 

Concho Resources Inc announced that it has priced an upsized offering of an additional $850 million of aggregate principal amount of its 5.5% senior unsecured notes due 2023. The new senior notes are being offered as additional notes under an indenture pursuant to which Concho originally issued $700 million aggregate principal amount in August 2012. The new notes were sold at 103.75% of par, resulting in a yield to worst of 4.884% with respect to the new notes. Concho intends to use the net proceeds from the offering to fund a pending cash tender offer to purchase any and all of its $300 million in outstanding aggregate principal amount of 8.625% Senior Notes due 2017 and repay borrowings under its credit facility. The Company will use the remaining net proceeds for general corporate purposes. Concho expects to close the sale of the notes on June 4, 2013, subject to the satisfaction of customary closing conditions. BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the senior unsecured notes offering.  Full Article

Concho Resources Inc Raises FY 2013 Production Guidance
Thursday, 7 Feb 2013 05:00pm EST 

Concho Resources Inc increased its fiscal 2013 production guidance range to 33.4-34.8 MMboe.  Full Article

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