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Concho Resources NEWS

Concho Resources expands its strategic portfolio with acreage in the Permian basin category
March 29, 2018
Source: World Oil

Concho Resources expands its strategic portfolio with acreage in the Permian basin

According to the terms of the agreement signed by Concho Resources and RSP Permian, Concho will procure RSP in an all-stock transaction worth $9.5 billion. This highly complementary acquisition will greatly augment Concho’s strategic profile in the Permian basin to approximately 640,000 net acres. With this development, Concho’s position as the major Permian player will be reinforced and its production growth outlook would enhance.

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