QUOTE AND NEWS
Market Intelligence Center  May 17  Comment 
Concho Resources Inc. (NYSE: CXO) closed Thursday's trading session at $81.00. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $102.26. Concho Resources (CXO) stock has been showing support around $79.48 and...
Market Intelligence Center  May 13  Comment 
Concho Resources Inc. (NYSE: CXO) closed Friday's trading session at $81.48. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $102.26. Concho Resources (CXO) stock has been showing support around $79.54 and...
Market Intelligence Center  May 7  Comment 
Concho Resources Inc. (NYSE: CXO) closed Monday's trading session at $82.57. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $102.26. Concho Resources (CXO) stock has been showing support around $81.03 and...
OilVoice  May 2  Comment 
Concho Resources Inc. NYSE CXO reported financial and operating results for the three months ended March 31 2013. Highlights for the three months ended March 31 2013 include Production from c
StreetInsider.com  May 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Concho+Resources+%28CXO%29+Misses+Q1+EPS+by+21c/8296375.html for the full story.
Market Intelligence Center  May 1  Comment 
Concho Resources Inc. (NYSE: CXO) closed Tuesday's trading session at $86.13. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $108.67. Concho Resources (CXO) stock has been showing support around $84.14 and...
Market Intelligence Center  Apr 25  Comment 
Concho Resources Inc. (NYSE: CXO) closed Wednesday's trading session at $86.72. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $109.25. Concho Resources (CXO) stock has been showing support around $83.24 and...
Market Intelligence Center  Apr 19  Comment 
Concho Resources Inc. (NYSE: CXO) closed Thursday's trading session at $82.39. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $109.25. Concho Resources (CXO) stock has been showing support around $78.12 and...
Forbes  Apr 15  Comment 
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Concho Resources Inc (NYSE: CXO) was identified as having a larger market cap than the smaller end of the S&P 500, for example Ameren Corp. (NYSE: AEE),...
Market Intelligence Center  Apr 15  Comment 
Concho Resources Inc. (NYSE: CXO) closed Friday's trading session at $86.50. In the past year, the stock has hit a 52-week low of $76.17 and 52-week high of $109.25. Concho Resources (CXO) stock has been showing support around $83.85 and...




 
TOP CONTRIBUTORS

Concho appeared on the Wall Street Radar after the natural-gas company operating in four U.S. states announced ( June 10 , 2008 ) it agreed to buy oil and gas assets from privately-held Henry Petroleum in Texas and New Mexico for $565 million in cash, to expand in the Permian Basin. The properties have 163 bcf and produce about 33 mcf/d of gas equivalent.

Concho says the acquisition will increase the company’s prospects in the Permian Basin by 60%, as Henry’s properties complement Concho’s South-eastern New Mexico asset. The Henry properties currently have eight rigs drilling in the Wolfberry Play and 1,651 identified drilling locations including 1,420 in the Wolfberry Play. Concho has drilled more than 500 wells in the socalled Spraberry/Wolfcamp oil region of West Texas since 2002.

No Guidance

On their conference call, Concho wouldn’t give any kind of guidance until budgets are approved in November, although their debt-to-total capital is expected to increase to 40%.

Comparing Wolfberry play with their other plays, Concho says it’s about 100-125 boe/d with a hyperbolic decline with 1/3 recovered in first couple of years or so. They believe that Wolfberry is less developed than other plays they are involved in and say there is a bit of running room, and reserves are more predictable

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