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2010 News Releases

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Q2 2010 CONCHO RES INC Earnings Conference Call (Live)
08/05/10 at 9:00 a.m. CT
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07/30/10Concho Resources Inc. Provides Update Regarding Preferential Purchase Rights Related to Its Marbob Acquisition
MIDLAND, Texas, Jul 30, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that Marbob Energy Corporation and certain of its affiliated companies (collectively, "Marbob") have informed Concho of the receipt by Marbob of a notice from BP America Production Company ("BP") electing to exercise its preferential purchase right under certain operating agreements. BP's preferential purchase rights arise as a resul... 
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07/20/10Concho Resources Inc. to Acquire Oil & Gas Assets in the Permian Basin for $1.65 Billion
MIDLAND, Texas, Jul 20, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it has entered into a definitive agreement to acquire all the oil and gas assets of Marbob Energy Corporation and certain affiliated entities (collectively "Marbob") for $1.65 billion in cash and Concho securities. Marbob is a privately-held exploration and production company with substantially all of its operations located in ... 
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06/24/10Concho Resources Inc. Schedules Second Quarter 2010 Conference Call for August 5, 2010
MIDLAND, Texas, Jun 24, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") will host a conference call on Thursday, August 5, 2010, at 9:00 a.m. CT to discuss its second quarter financial and operating results. Earnings are expected to be released after the market closes on Wednesday, August 4, 2010. Individuals who would like to participate should call 866-362-4832 (passcode: 96508757) approximately 15 minutes before t... 
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05/20/10Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, May 20, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: RBC Capital Markets' Global Energy and Power Conference on Tuesday, June 8th at 3:30 p.m. ET and the Raymond James Boston Spring Investors Conference on Thursday, June 10th. Presentations for each of these events will be available on Concho's website, www.conchoresources.com. About Concho Res... 
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05/05/10Concho Resources Inc. Reports First Quarter 2010 Financial and Operating Results
MIDLAND, Texas, May 05, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today reported financial and operating results for the three months ended March 31, 2010. Highlights for the three months ended March 31, 2010 include: Production of 3.2 million barrels of oil equivalents ("MMBoe") for the first quarter of 2010, a 28% increase over the first quarter of 2009 and a 14% increase over the four... 
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04/29/10Concho Resources Inc. Borrowing Base Increased to $1.2 Billion
MIDLAND, Texas, Apr 29, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today reported that its bank group has completed a semi-annual redetermination of the Company's borrowing base for its credit facility and that, as a result, the borrowing base has been increased from $955.9 million to $1.2 billion. Pro forma for the effect of the increased borrowing base, Concho would have had approximately $870 million available u... 
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04/15/10Concho Resources Inc. Schedules First Quarter 2010 Conference Call
MIDLAND, Texas, Apr 15, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") will host a conference call on Thursday, May 6, 2010, at 8:00 a.m. CT (9:00 a.m. ET) to discuss its first quarter financial and operating results. Earnings are expected to be released after the market closes on Wednesday, May 5, 2010. Individuals who would like to participate should call (866) 788-0540 (passcode: 41845001) approximately 15 minute... 
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04/08/10Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Apr 08, 2010 (BUSINESS WIRE) --Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Capital One Southcoast 2010 Oil Day on Thursday, April 22nd at 9:30 a.m. CT and the UBS Global Oil and Gas Conference on Tuesday, May 25th at 8:05 a.m. CT. Presentations for each of these events will be available on Concho's website, www.conchoresources.com. Additionally, the UBS pre... 
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03/12/10Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Mar 12, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Barclays Capital 2010 High Yield Bond and Syndicated Loan Conference on Thursday, March 25th at 4:45 p.m. MT and IPAA's Oil and Gas Investment Symposium on Monday, April 12th at 9:35 a.m. ET. Presentations for each of these events will be available on Concho's website, www.conchoresources.com. Additionally, both the Barclays Capit... 
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02/26/10Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Feb 26, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the JP Morgan Global High Yield and Leveraged Finance Conference on Monday, March 1st at 5:00 p.m. ET, Thomas Weisel Partners 2010 Denver One-on-One Conference on Thursday, March 4th, Raymond James 31st Annual Institutional Investors Conference on Monday, March 8th at 11:35 a.m. ET, Wells ... 
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02/24/10Concho Resources Inc. Reports Fourth Quarter and Full Year 2009 Financial and Operating Results
MIDLAND, Texas, Feb 24, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today reported financial and operating results for the three months and year ended December 31, 2009. Highlights for the year ended December 31, 2009 include: Production of 10.9 million barrels of oil equivalents ("MMBoe"), a 54% increase over 2008 Net loss of $9.8 million, or $0.12 per diluted share; after adj... 
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02/01/10Concho Resources Inc. Schedules Fourth Quarter 2009 Conference Call for February 25, 2010
MIDLAND, Texas, Feb 01, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") will host a conference call on Thursday, February 25, 2010, at 9:00 a.m. CST (10:00 a.m. EST) to discuss its fourth quarter and full year 2009 financial and operating results. Earnings are expected to be released after the market closes on Wednesday, February 24, 2010. Individuals who would like to participate should call 800-299-9630 (passcode: 1... 
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01/27/10Concho Resources Inc. Announces Exercise of Over-Allotment Option
MIDLAND, Texas, Jan 27, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") announced today that the underwriters of its previously announced common stock offering have exercised in full their option to purchase an additional 697,500 shares to cover over-allotments in such offering. As a result, Concho will issue a total of 5,347,500 shares of common stock, and the net proceeds from this offering will be approximately $219... 
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01/26/10Concho Resources Inc. Announces Pricing of Common Stock Offering
MIDLAND, Texas, Jan 26, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") announced today that it has priced an offering of 4,650,000 shares of common stock at a price to the public of $42.75 per share. Concho has granted the underwriters a 30-day option to purchase up to an additional 697,500 shares of common stock to cover over-allotments. Concho expects issuance and delivery of the shares to occur on February 1, 2010,... 
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01/25/10Concho Resources Inc. Announces Proposed Public Offering of Common Stock
MIDLAND, Texas, Jan 25, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it intends to offer 4,650,000 shares of its common stock in an underwritten public offering. Concho expects to grant the underwriters a 30-day option, solely to cover over-allotments, to purchase up to an additional 697,500 shares of its common stock. Concho intends to use the net proceeds from the offering to repay a portion o... 
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01/25/10Concho Resources Inc. Announces 2009 Estimated Full Year Production and Year End Proved Reserves
MIDLAND, Texas, Jan 25, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today reported estimated full year 2009 production and year end proved reserves. Production and reserves highlights for the year ended December 31, 2009 include: Reserve replacement1 of 780% Production of 10.9 million barrels of oil equivalents ("MMBoe"), a 54% increase over 2008 Year end... 
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01/07/10Concho Resources Inc. Announces the Closing of Two Permian Basin Acquisitions and Updates 2010 Guidance
MIDLAND, Texas, Jan 07, 2010 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it has closed two acquisitions of interests in producing and non-producing assets in the Wolfberry trend of the Permian Basin for approximately $260 million. The $225 million acquisition that the Company announced on November 23 was closed, after the effects of the participation rights and other adjustments, for $213 million i... 
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