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But last year, Concho Resources, the third-largest producer of oil and gas in the Permian Basin, decided to push the envelope. Concho is at the forefront of applying advanced technology and large-scale development to safely and efficiently maximize resource recovery while delivering attractive, long-term economic returns. Please Shale Experts offers the most COMPLETE coverage of the .More than 2,500 Subscribers rely on our data each day.Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Stay in touch with our Daily Email NewsletterStay in touch with the latest activities by subscribing to our daily email covering operators, service companies,(acreage, production rates, well info, development plans, resverse, and completions designs)Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas Concho Resources Inc is headquartered in Midland, Texas July 29 (Reuters) - U.S. oil and gas producer Concho Resources Inc reported a bigger quarterly loss on Wednesday, hurt by lower crude prices as … Source: Concho Resources. To get full access now. Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas Concho Resources Inc is headquartered in Midland, Texas In 2008, the company acquired Henry Petroleum for $584 million.In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion.In 2012, the company acquired Three Rivers Operating Company for $1 billion.In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion.In November 2016, the company acquired assets in the Delaware Basin for $430 million. "We are in the very early stages of driving proved reserves and production growth in the Delaware Basin," commented Tim Leach, Chairman, Chief Executive Officer and President.© 2020 Shale Experts, All rights reserved. The ten companies below are planning to drill up to a combined 1,446 wells in 2015.The 2015 capital program includes approximately $1.8 billion for drilling and completion activities and approximately $200 million for facilities, midstream and other capital.The company is targeting year-over-year production growth of 28% to 32% in 2015 and expects to spend approximately...Concho delivered record quarterly production, exceeding 10 million BOE, and achieved 23% crude oil production growth over the same quarter a year ago.The company is currently running 34 rigs, 23 of which are active in the Delaware Basin.Midstream JV with a private entity to construct crude oil transportation system in northern Delaware Basin.Northern Delaware Basin, 39 new wells set records with average 30-day rate of 909 Boepd (74% oil) from average lateral length of 4,535'.Top Five Permian Companies Drilling more than 50 percent of new wells, spending...Currently, the Company is operating 34 drilling rigs; 2 of these rigs are drilling Yeso wells in the New Mexico Shelf, 11 are drilling in the Texas Permian and 21 are drilling in the Delaware Basin.In 2013 the Company drilled or participated in 633 wells (465 operated, 44% horizontal) and completed 675 wells as producers.The unexpected impact of the severe winter storms is expected to cause 2013 annual production to fall near the low end of its guidance range.This budget contemplates operating an average of 37 drilling rigs for 2014, of which 32 will drill horizontally.Production from continuing operations for the third quarter of 2013 totaled 8.7 MMBoe (5.4 million barrels of oil (“MMBbls”) and 19.6 billion cubic feet of natural gas (“Bcf”)), an increase of 19% as compared to 7.3 MMBoe (4.3 MMBbls and…Overall, Mexco has various interests in 18 horizontal wells and 138 vertical wells in Lea County, New Mexico.
But last year, Concho Resources, the third-largest producer of oil and gas in the Permian Basin, decided to push the envelope. Concho is at the forefront of applying advanced technology and large-scale development to safely and efficiently maximize resource recovery while delivering attractive, long-term economic returns. Please Shale Experts offers the most COMPLETE coverage of the .More than 2,500 Subscribers rely on our data each day.Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Stay in touch with our Daily Email NewsletterStay in touch with the latest activities by subscribing to our daily email covering operators, service companies,(acreage, production rates, well info, development plans, resverse, and completions designs)Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas Concho Resources Inc is headquartered in Midland, Texas July 29 (Reuters) - U.S. oil and gas producer Concho Resources Inc reported a bigger quarterly loss on Wednesday, hurt by lower crude prices as … Source: Concho Resources. To get full access now. Concho Resources Inc, an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas Concho Resources Inc is headquartered in Midland, Texas In 2008, the company acquired Henry Petroleum for $584 million.In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion.In 2012, the company acquired Three Rivers Operating Company for $1 billion.In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion.In November 2016, the company acquired assets in the Delaware Basin for $430 million. "We are in the very early stages of driving proved reserves and production growth in the Delaware Basin," commented Tim Leach, Chairman, Chief Executive Officer and President.© 2020 Shale Experts, All rights reserved. The ten companies below are planning to drill up to a combined 1,446 wells in 2015.The 2015 capital program includes approximately $1.8 billion for drilling and completion activities and approximately $200 million for facilities, midstream and other capital.The company is targeting year-over-year production growth of 28% to 32% in 2015 and expects to spend approximately...Concho delivered record quarterly production, exceeding 10 million BOE, and achieved 23% crude oil production growth over the same quarter a year ago.The company is currently running 34 rigs, 23 of which are active in the Delaware Basin.Midstream JV with a private entity to construct crude oil transportation system in northern Delaware Basin.Northern Delaware Basin, 39 new wells set records with average 30-day rate of 909 Boepd (74% oil) from average lateral length of 4,535'.Top Five Permian Companies Drilling more than 50 percent of new wells, spending...Currently, the Company is operating 34 drilling rigs; 2 of these rigs are drilling Yeso wells in the New Mexico Shelf, 11 are drilling in the Texas Permian and 21 are drilling in the Delaware Basin.In 2013 the Company drilled or participated in 633 wells (465 operated, 44% horizontal) and completed 675 wells as producers.The unexpected impact of the severe winter storms is expected to cause 2013 annual production to fall near the low end of its guidance range.This budget contemplates operating an average of 37 drilling rigs for 2014, of which 32 will drill horizontally.Production from continuing operations for the third quarter of 2013 totaled 8.7 MMBoe (5.4 million barrels of oil (“MMBbls”) and 19.6 billion cubic feet of natural gas (“Bcf”)), an increase of 19% as compared to 7.3 MMBoe (4.3 MMBbls and…Overall, Mexco has various interests in 18 horizontal wells and 138 vertical wells in Lea County, New Mexico.