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Concho Resources Inc (CXO.N)

CXO.N on New York Stock Exchange

112.18USD
20 May 2019
Change (% chg)

$-0.72 (-0.64%)
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Latest Key Developments (Source: Significant Developments)

Concho Resources And Frontier Midstream Solutions Announce Midstream Joint Venture
Monday, 15 Apr 2019 07:15am EDT 

April 15 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. AND FRONTIER MIDSTREAM SOLUTIONS ANNOUNCE MIDSTREAM JOINT VENTURE.CONCHO RESOURCES INC - JOINT VENTURE TO BUILD BETA CRUDE CONNECTOR SYSTEM IN MIDLAND BASIN.CONCHO RESOURCES INC - CONCHO AND FRONTIER WILL EACH OWN A 50% EQUITY INTEREST IN BCC.CONCHO RESOURCES INC - CONCHO AND FRONTIER WILL EACH OWN A 50% EQUITY INTEREST IN BCC, WITH FRONTIER SERVING AS OPERATOR..CONCHO RESOURCES INC - CONCHO HAS AGREED TO ENTER INTO A LONG-TERM ACREAGE DEDICATION AGREEMENT WITH BCC..CONCHO RESOURCES - BCC TO FILE FOR FERC AUTHORITY TO OPERATE AS COMMON CARRIER PIPELINE, SOLICIT INTEREST FROM OTHER PRODUCERS, MARKETERS FOR CAPACITY.CONCHO RESOURCES INC - CONCHO AND FRONTIER HAVE EXECUTED AN AGREEMENT TO CREATE BETA CRUDE CONNECTOR, LLC.CONCHO RESOURCES INC - NEW GATHERING AND TRANSPORTATION SYSTEM WILL CONSIST OF AN APPROXIMATELY 100-MILE GATHERING SYSTEM.CONCHO RESOURCES - NEW GATHERING AND TRANSPORTATION SYSTEM WILL CONSIST OF 250,000 BARRELS OF CRUDE OIL STORAGE FACILITIES AS WELL AS TRUCK TERMINALS.CONCHO RESOURCES INC - CO AND FRONTIER HAVE EXECUTED AN AGREEMENT TO CREATE BETA CRUDE CONNECTOR.CONCHO RESOURCES INC - PIPELINE SYSTEM WILL HAVE INITIAL CAPACITY TO DELIVER 150,000 BARRELS PER DAY OF CRUDE OIL TO MULTIPLE DELIVERY POINTS.CONCHO RESOURCES INC - FOLLOWING AN OPEN SEASON SET FOR APRIL 2019, CONSTRUCTION WILL COMMENCE, TARGETING INITIAL FLOWS IN MID-2019..  Full Article

Concho Resources Inc Announces Sale Of Its Interest In Oryx I Oil Gathering System
Tuesday, 2 Apr 2019 07:05am EDT 

April 2 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. ANNOUNCES SALE OF ITS INTEREST IN ORYX I OIL GATHERING SYSTEM.CONCHO RESOURCES INC - GENERATES ADDITIONAL NET PROCEEDS TO CONCHO OF APPROXIMATELY $300 MILLION.CONCHO RESOURCES - ORYX SOUTHERN DELAWARE HOLDINGS TO SELL 100% OF EQUITY INTERESTS IN UNITS TO STONEPEAK INFRASTRUCTURE PARTNERS FOR $2.07 BILLION.CONCHO RESOURCES - DEAL NOT EXPECTED TO IMPACT OIL PRICE REALIZATIONS OR TRANSPORTATION COSTS AS CO'S EXISTING GATHERING AGREEMENT REMAINS UNCHANGED.CONCHO RESOURCES INC - AFTER DEAL, CONCHO'S EXISTING GATHERING AGREEMENT REMAINS UNCHANGED.CONCHO RESOURCES - UPON DEAL CLOSING, NET CASH PROCEEDS FROM DEAL TO BE USED TO REPAY BORROWINGS OUTSTANDING ON CO'S CREDIT FACILITY.  Full Article

Stonepeak Infrastructure Partners To Acquire Oryx Midstream
Tuesday, 2 Apr 2019 07:00am EDT 

April 2 (Reuters) - Concho Resources Inc ::STONEPEAK INFRASTRUCTURE PARTNERS TO ACQUIRE ORYX MIDSTREAM.STONEPEAK INFRASTRUCTURE - AFFILIATES OF QUANTUM ENERGY PARTNERS, POST OAK ENERGY CAPITAL, CONCHO RESOURCES TO SELL ORYX MIDSTREAM TO CO FOR $3.6 BILLION.STONEPEAK INFRASTRUCTURE PARTNERS - ORYX WILL RETAIN ITS NAME AND CONTINUE TO BE HEADQUARTERED IN MIDLAND, TEXAS.STONEPEAK INFRASTRUCTURE - ORYX LEADERSHIP TEAM, LED BY BRETT WIGGS & KARL PFLUGER, WILL REMAIN IN CURRENT ROLES & ARE INVESTING WITH STONEPEAK IN DEAL.  Full Article

Concho Resources Q2 Earnings Per Share $0.92
Wednesday, 1 Aug 2018 04:15pm EDT 

Aug 1 (Reuters) - Concho Resources Inc ::. REPORTS SECOND-QUARTER 2018 RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.24.Q2 EARNINGS PER SHARE $0.92.Q2 EARNINGS PER SHARE VIEW $0.95 -- THOMSON REUTERS I/B/E/S.FOR THIRD-QUARTER 2018, CONCHO EXPECTS PRODUCTION TO AVERAGE 280 TO 285 MBOEPD.FOR FULL-YEAR 2018, CONCHO EXPECTS PRODUCTION TO AVERAGE 260 TO 263 MBOEPD.SEES 2018 CAPITAL PROGRAM $2.5 BILLION - $2.6 BILLION.QTRLY TOTAL OPERATING REVENUES $945 MILLION VERSUS $567 MILLION.  Full Article

Concho Resources Inc Announces Pricing Of Senior Unsecured Notes
Thursday, 14 Jun 2018 04:40pm EDT 

June 14 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES INC. ANNOUNCES PRICING OF SENIOR UNSECURED NOTES.CONCHO RESOURCES - PRICED OFFERING OF A TOTAL OF $1,600 MILLION OF SENIOR UNSECURED NOTES.CONCHO RESOURCES INC - OFFERING CONSISTS OF $1,000 MILLION SENIOR UNSECURED NOTES DUE 2028 AND $600 MILLION SENIOR UNSECURED NOTES DUE 2048.CONCHO RESOURCES - 2028 NOTES WILL BEAR INTEREST AT A RATE OF 4.300% PER ANNUM & WILL BE ISSUED AT 99.660% OF PAR.CONCHO RESOURCES INC - 2048 NOTES WILL BEAR INTEREST AT A RATE OF 4.850% PER ANNUM AND WILL BE ISSUED AT 99.740% OF PAR.  Full Article

Concho Resources Says On May 17, Board Increased Size Of Board By One Member
Friday, 18 May 2018 05:15pm EDT 

May 18 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES SAYS ON MAY 17, BOARD INCREASED SIZE OF BOARD BY ONE MEMBER - SEC FILING.  Full Article

RSP Permian Says Concho CEO Will Continue To Lead Combined Co
Wednesday, 28 Mar 2018 05:35pm EDT 

March 28 (Reuters) - RSP Permian Inc ::RSP PERMIAN SAYS CONCHO CHAIRMAN & CEO TIM LEACH WILL CONTINUE TO LEAD COMBINED CO - SEC FILING.  Full Article

Concho Resources Says Upon Deal Termination With RSP Permian, Co To Pay RSP A Fee Of $350 Million
Wednesday, 28 Mar 2018 05:33pm EDT 

March 28 (Reuters) - Concho Resources Inc ::CONCHO RESOURCES SAYS UPON DEAL TERMINATION WITH RSP PERMIAN UNDER SPECIFIED CIRCUMSTANCES, CO TO PAY RSP A FEE OF $350 MILLION - SEC FILING.CONCHO RESOURCES - UPON DEAL TERMINATION WITH RSP PERMIAN UNDER SPECIFIED CIRCUMSTANCES, RSP TO PAY CO A FEE OF $250 MILLION.  Full Article

Concho Resources posts Q3 adj. earnings per share $0.45
Tuesday, 31 Oct 2017 04:05pm EDT 

Oct 31 (Reuters) - Concho Resources Inc :Concho Resources Inc reports third quarter 2017 results.Q3 adjusted non-GAAP earnings per share $0.45.Q3 loss per share $0.77.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Expects production to average approximately 200 mboepd to 204 mboepd, with a 62 pct oil mix, in the fourth quarter of 2017‍​.Concho Resources Inc - ‍crude oil production for Q3 of 2017 totaled 119.6 thousand barrels per day (mbopd), an increase of approximately 31 pct from Q3 of 2016​.Concho Resources - for Q4, co expects oil & natural gas production expense to be at high end of the guidance range of $5.50 per boe to $6.00 per boe‍​.Production for Q3 averaged 193.2 thousand boe per day (mboepd), an increase of about 26 pct from the third quarter of 2016‍​.Qtrly total operating revenues $627 million versus $430 million.  Full Article

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Exclusive: Owners of Permian producer DoublePoint plan $5 billion sale - sources

NEW YORK DoublePoint Energy's private equity owners are exploring a potential sale of the Permian Basin oil producer later this year that could value the company at as much as $5 billion, including debt, sources familiar with the matter said on Thursday.