Following the sale, Concho
will maintain a large presence and development program in southeastern New Mexico and will continue to support the local communities in which its employees live and work.
Resources announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners LLC for $925M.
Simmons Energy also served as the exclusive financial advisor to Concho
on the formation of a venture with Solaris Water Midstream on produced water management in the Northern Delaware Basin.
* Bank of America cut the price target for Concho
Resources Inc(NYSE:CXO) from $145 to $136.
The board of directors of shale producer Concho
Resources Inc (NYSE:CXO) declared a quarterly dividend of USD0.125 per share on the company's outstanding common stock, it reported on Tuesday.
Midland, Texas-based Concho
and Tulsa-based Frontier will each own a 50 percent equity interest in BCC, with Frontier serving as operator.
Resources (NYSE:(https://finance.yahoo.com/quote/CXO/?p=CXO) CXO ) and WPX Energy (NYSE:(https://finance.yahoo.com/quote/wpx/?p=wpx) WPX ) are the latest to cash in on a midstream investment; they both recently sold their stake in Oryx Midstream to private equity fund Stonepeak Infrastructure Partners.
7 January 2019 - Texas, US-based WaterBridge Resources LLC has signed a long-term produced water management services agreement with and has acquired the produced water assets of Texas-based Concho
Resources, Inc., a subsidiary of COG Operating LLC in the southern Delaware basin, the company said.
The county is home to wells drilled by marquee explorers such as EOG Resources Inc., Concho
Securities and Exchange Commission, upgraded Concho
Phoenix, AZ, January 14, 2018 --(PR.com)-- Jeff Gorden of Eagle Commercial Realty Services has arranged the sale of Concho
Mini Storage in Concho
Consideration in the transaction includes approximately USD150 million of cash and 2.18 million shares of Concho
's common stock.