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Last Trade
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Last Trade:
$59.53
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Change:
2.91 (5.14%)
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Trade Time:
Jun 02
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Market Cap:
$11.71B
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Description of Business
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Concho Resources Inc., a Delaware corporation ("Concho," the "Company," "we,"
"us" and "our") incorporated in February 2006, is an independent oil and natural
gas company engaged in the acquisition, development, exploration and production
of oil and natural gas properties. Our operations are primarily focused in the
Permian Basin of West Texas and Southeast New Mexico. The Permian Basin is one
of the most prolific oil and natural gas producing regions in the United States
and is characterized by an extensive production history, long reserve life,
multiple producing horizons and significant recovery potential. Concho's legacy
in the Permian Basin provides us a deep understanding of operating and
geological trends, and we are actively developing our resource base utilizing
long-lateral wells and multi-well pad locations.
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