Concho Resources Inc. CXO
today announced three separate transactions that enhance the Company's
position in the southern Delaware Basin, high grade the Company's
portfolio and reduce net debt.
Highlights
Concho agreed to acquire approximately 12,000 net acres complementary
to the Company's core North Harpoon prospect in Ward and Reeves
Counties, Texas, from a private operator for total consideration of
approximately $360 million, through a combination of common stock,
cash and drilling carry.
The Company completed an acreage exchange with Clayton
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in