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2009 News Releases

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CONCHO RES INC at Barclays Capital Energy/Power Conference (Live)
09/15/10 at 4:25 p.m. ET
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11/30/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Nov 30, 2009 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the JPMorgan SMid Cap Conference on Thursday, December 3, 2009 at 10:15 am ET and the Capital One Southcoast Energy Conference on Tuesday, December 8, 2009 at 1:20 pm CT. Presentations for each of these events will be available on Concho's website, www.conchoresources.com, prior to the as... 
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11/23/09Concho Resources Inc. Acquires Permian Basin Properties
MIDLAND, Texas--(BUSINESS WIRE)--Nov. 23, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has entered into a definitive agreement with multiple private sellers to acquire interests in certain producing and non-producing assets in the Wolfberry trend in the Permian Basin for $225 million in cash, subject to usual and customary closing adjustments. The acquisition of these interests is subject to cer... 
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11/05/09Concho Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Provides 2010 Capital Budget Detail and Guidance
MIDLAND, Texas--(BUSINESS WIRE)--Nov. 5, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported financial and operating results for the three and nine months ended September 30, 2009 and provided 2010 capital budget detail and guidance. Highlights for the three months ended September 30, 2009 include: Production of 2.9 million barrels of oil equivalents (“MMBoe”) for the three months ended Septe... 
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10/29/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas--(BUSINESS WIRE)--Oct. 29, 2009-- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Boenning & Scattergood Smid Cap Investor Conference on Monday, November 9th, Thomas Weisel Partners Alternative Energy and Natural Resources Conference 2009 on Tuesday, November 10th, at 8:00 a.m. ET and the Bank of America Merrill Lynch 2009 Energy Conference on Tuesday, November 17th,... 
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10/05/09Concho Resources Inc. Schedules Third Quarter 2009 Conference Call for November 6, 2009
MIDLAND, Texas--(BUSINESS WIRE)--Oct. 5, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) will host a conference call on Friday, November 6, 2009, at 9:00 a.m. CT (10:00 a.m. ET) to discuss its third quarter 2009 financial and operating results. Earnings are expected to be released after the market closes on Thursday, November 5, 2009. Individuals who would like to participate should call 866-700-6979 (passcode: 126... 
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09/28/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas--(BUSINESS WIRE)--Sep. 28, 2009-- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Johnson Rice 2009 Energy Conference on Tuesday, October 6th, at 3:15 p.m. CT and the UBS Smid Cap Energy Conference on Tuesday, October 13th. Presentations for each of these events will be available on Concho's website, www.conchoresources.com, prior to the assigned speak... 
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09/15/09Concho Resources Prices Senior Unsecured Notes
MIDLAND, Texas--(BUSINESS WIRE)--Sep. 15, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho”) today announced that it has priced an offering of $300 million aggregate principal amount of senior unsecured notes due 2017. The notes will bear interest at a rate of 8.625% per annum and will be issued at a price equal to 98.578% of the principal amount thereof, resulting in a yield to maturity of 8.875%. Concho intends to use the net proceeds from the off... 
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09/09/09Concho Resources Announces Proposed Offering of Senior Unsecured Notes
MIDLAND, Texas--(BUSINESS WIRE)--Sep. 9, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho”) today announced that it intends, subject to market conditions, to publicly offer $250 million aggregate principal amount of senior unsecured notes due 2017. The senior unsecured notes will be fully and unconditionally guaranteed by all of Concho’s current subsidiaries. The offering and sale of the senior unsecured notes will be made pursuant to an automatic s... 
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08/20/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas--(BUSINESS WIRE)--Aug. 20, 2009-- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Barclays Capital CEO Energy/Power Conference on Wednesday, September 9th at 3:45 pm ET, and the Bank of America Merrill Lynch 2009 Smid Cap Conference on Monday, September 21st at 2:30 pm ET. Presentations for each of these events will be available on Concho's website, ww... 
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08/12/09Concho Resources Announces Final Distribution by Yorktown
MIDLAND, Texas--(BUSINESS WIRE)--Aug. 12, 2009-- Concho Resources Inc. (NYSE:CXO) (“Concho” or the “Company”) today announced that it has been advised by Yorktown Energy Partners V, L.P. (“Yorktown V”) and Yorktown Energy Partners VI, L.P. (“Yorktown VI”) that these entities distributed approximately 3.2 million shares of the Company’s common stock to their partners after the market closed on August 11, 2009. The distributions included substantially ... 
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08/04/09Concho Resources Inc. Announces Participation in EnerCom's The Oil and Gas Conference
MIDLAND, Texas--(BUSINESS WIRE)--Aug. 4, 2009-- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in EnerCom’s The Oil and Gas Conference on Wednesday, August 12th, 2009 and its speaking time at 1:55 pm MT. The Company’s presentation for this event will be available on its website, www.conchoresources.com, prior to the assigned speaking time. Additionally, the Company’s presentation... 
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08/03/09Concho Resources Inc. Reports Second Quarter 2009 Financial and Operating Results
MIDLAND, Texas--(BUSINESS WIRE)--Aug. 3, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported financial and operating results for the three months and six months ended June 30, 2009. Highlights for the three and six months ended June 30, 2009 include: Production of 2.7 million barrels of oil equivalents (“MMBoe”) for the three months ended June 30, 2009, an 88% increase over the second quart... 
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07/08/09Concho Resources Inc. Schedules Second Quarter 2009 Conference Call for August 4, 2009
MIDLAND, Texas--(BUSINESS WIRE)--Jul. 8, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) will host a conference call on Tuesday, August 4, 2009, at 10:00 a.m. CDT (11:00 a.m. EDT) to discuss its second quarter 2009 financial and operating results. Earnings are expected to be released after the market closes on Monday, August 3, 2009. Individuals who would like to participate should call 866-713-8563 (passcode: 7632... 
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05/06/09Concho Resources Inc. Reports First Quarter 2009 Financial and Operating Results
MIDLAND, Texas--(BUSINESS WIRE)--May. 6, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported financial and operating results for the three months ended March 31, 2009. Highlights for the three months ended March 31, 2009 include: Production of 2.5 million barrels of oil equivalents (“MMBoe”) for the three months ended March 31, 2009, a 79% increase over the first quarter of 2008 and a 9% in... 
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04/30/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Apr 30, 2009 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the Calyon Energy Forum 2009 on Thursday, May 14th at 11:15 am ET, the UBS Global Oil & Gas Conference on Thursday, May 21st at 10:30 am CT and the RBC 2009 Global Energy and Power Conference on Monday, June 1st at 9:05 am ET. Presentations for each of these events will be available on Concho's w... 
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04/13/09Concho Resources Inc. Schedules First Quarter 2009 Conference Call for May 7, 2009
MIDLAND, Texas--(BUSINESS WIRE)--Apr. 13, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) will host a conference call on Thursday, May 7, 2009, at 8:00 a.m. CDT (9:00 a.m. EDT) to discuss its first quarter 2009 financial and operating results. Earnings are expected to be released after the market closes on Wednesday, May 6, 2009. Individuals who would like to participate should call 866-713-8564 (passcode: 76592228... 
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04/08/09Concho Resources $960 Million Borrowing Base Affirmed
MIDLAND, Texas, Apr 08, 2009 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced that its bank group has completed a semi-annual redetermination of the Company's borrowing base for its $1.2 billion secured revolving credit facility and that the borrowing base has been reaffirmed at $960 million, its existing level since July 2008. The credit facility is provided by a syndicate of 22 banks led by JP Morgan Chase Bank, N.A. ... 
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03/16/09Concho Resources Inc. Announces Participation in Upcoming Conferences
MIDLAND, Texas, Mar 16, 2009 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its participation in the following conferences: the 37th Annual Howard Weil Energy Conference on Tuesday, March 24th at 3:55 pm CT and the IPAA OGIS New York on Monday, April 20th at 3:20 pm ET. Presentations for both of these events will be available on Concho's website, www.conchoresources.com, prior to the assigned speaking times. Additiona... 
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02/24/09Concho Resources Inc. Reports Fourth Quarter and Full Year 2008 Financial and Operating Results
MIDLAND, Texas--(BUSINESS WIRE)--Feb. 24, 2009-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported financial and operating results for the three and twelve months ended December 31, 2008. Highlights for the year ended December 31, 2008 include: Net income of $278.7 million, a 999% increase over 2007 Net cash provided by operating activities of $391.4 million, a 131% increase over... 
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01/28/09Concho Resources Inc. Announces That President and Chief Operating Officer, Steven L. Beal, Plans to Retire in June 2009
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that its President and Chief Operating Officer, Steven L. Beal, has informed the Board of Directors that he intends to retire effective June 30, 2009. Mr. Beal plans to continue his association with the Company as a consultant and member of its Board of Directors upon his retirement. Timothy A. Leach, Concho’s Chairman and Ch... 
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01/28/09Concho Resources Inc. Announces 2008 Estimated Full Year Production and Year End Reserves and Provides Operations Update
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today reported estimated full year 2008 production and year end reserves and provided an operations update. Production and reserves highlights for the year ended December 31, 2008 include: Reserve replacement1 of 752% Production of 7.1 million barrels of oil equivalents (“MMBoe”), a 41% increase over 2007 ... 
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01/08/09Concho Resources Inc. Announces 2009 Budget and Derivative Update
MIDLAND, Texas--(BUSINESS WIRE)--Jan. 8, 2009--Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it has recently elected to reduce its first quarter activity level due to the drop in oil and natural gas prices and has entered into certain additional derivative contracts. Curtailed Activities In its November 11, 2008 press release, the Company outlined a 2009 capital budget of up to $500 million predica... 
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