| 2008 News Releases
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| Date | Title | | | 11/11/08 | Concho Resources Inc. Reports Third Quarter 2008 Financial and Operating Results and Provides 2009 Capital Budget Detail and Guidance| MIDLAND, Texas--(BUSINESS WIRE)--Nov. 11, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today reported financial
and operating results for the three and nine months ended September
30, 2008. Recent highlights include:
Production of 1.9 MMBoe for the three months ended September
30, 2008, a 58% increase over the third quarter 2007
Net cash provided by operating activities for the first nine
months of 2008 of $319.4 million, a 210% increase... |
|  | | 11/05/08 | Concho Resources Inc. Announces Participation in Upcoming Conferences| MIDLAND, Texas--(BUSINESS WIRE)--Nov. 5, 2008--Concho Resources
Inc. (NYSE: CXO) (the "Company") today announced its participation in
the following conferences: Bank of America 2008 Energy Conference in
Key Biscayne, Florida on Thursday, November 13, 2008 at 10 am ET and
the JPMorgan 2008 SMid Cap Conference in New York, New York on Friday,
December 5, 2008 at 8:45 am ET.
Presentations for both of these events will be available on
Concho's website, www.conchoresources.com, prior t... |
| | | 10/20/08 | Concho Resources Inc. Schedules Third Quarter 2008 Conference Call for November 12, 2008| MIDLAND, Texas--(BUSINESS WIRE)--
Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") will
host a conference call on Wednesday, November 12, 2008, at 9:00 a.m.
CST (10:00 a.m. EST) to discuss its third quarter 2008 financial and
operating results. Earnings are expected to be released after the
market closes on Tuesday, November 11, 2008.
Individuals who would like to participate should call (800)
901-5226 (passcode: 53195718) approximately 15 minutes before the
sche... |
| | | 09/22/08 | Concho Resources Inc. Announces Participation in Upcoming Conferences| MIDLAND, Texas--(BUSINESS WIRE)--Sept. 22, 2008--Concho Resources
Inc. (NYSE: CXO) (the "Company") today announced its participation in
the following conferences: Merrill Lynch Global Energy Mid and Small
Cap Conference in New York, New York on Wednesday, October 1, 2008 at
11:25 am ET and the Natixis Bleichroeder CEO Hidden Gems Conference in
New York, New York on Tuesday, October 14, 2008 at 10:00 am ET.
Presentations for both of these events will be available on
Concho's websit... |
| | | 08/25/08 | Concho Resources Inc. Announces the Appointment of Darin G. Holderness as Vice President -- Chief Financial Officer| MIDLAND, Texas--(BUSINESS WIRE)--Aug. 25, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that
Darin G. Holderness has been appointed Vice President -- Chief
Financial Officer by its Board of Directors.
Mr. Holderness is a 1986 graduate of Boise State University with a
Bachelor of Business Administration in Accounting and is a Certified
Public Accountant. He has over 20 years experience in the energy
sector including nine years with KPMG LLP whe... |
| | | 08/11/08 | Concho Resources Inc. Reports Second Quarter 2008 Financial and Operating Results and Further Increases 2008 Capital Budget| MIDLAND, Texas, Aug 11, 2008 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company")
today reported financial and operating results for the three and six
months ended June 30, 2008. Recent highlights include:
-- Production of 8.7 Bcfe for the three months ended June 30,
2008, a 19% increase over the second quarter 2007
-- Proved reserves increased to 610 Bcfe, up 12% from year-end
2007
-- Reserve replacement rate(1) of 473% for the first six... |
| | | 07/31/08 | Concho Resources Inc. Announces Closing of Henry Petroleum Acquisition| MIDLAND, Texas--(BUSINESS WIRE)--July 31, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it
has closed the previously-announced acquisition of Henry Petroleum and
certain affiliated entities (collectively "Henry"). Cash paid at
closing totaled approximately $560 million.
In addition, the Company purchased additional non-operated rights
and interests in certain Henry properties from persons affiliated with
Henry for approximately $28 millio... |
| | | 07/30/08 | Concho Resources Inc. Announces Participation in Upcoming Conferences| MIDLAND, Texas--(BUSINESS WIRE)--July 30, 2008--Concho Resources
Inc. (NYSE: CXO) (the "Company") today announced its participation in
the following conferences: Enercom's Oil & Gas Conference in Denver,
Colorado on Thursday, August 14, 2008 at 11:20 pm MT, the Lehman
Brothers CEO Energy/Power Conference in New York, New York on
Thursday, September 4th at 9:45 am ET, and the Bank of America
Investment Conference in San Francisco, California on Wednesday,
September 17th at 12:00 pm PT.... |
| | | 07/14/08 | Concho Resources Inc. Schedules Second Quarter 2008 Conference Call for August 12, 2008| MIDLAND, Texas--(BUSINESS WIRE)--July 14, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") will host a conference
call on Tuesday, August 12, 2008, at 9:00 a.m. CDT (10:00 a.m. EDT) to
discuss its second quarter 2008 financial and operating results.
Earnings are expected to be released after the market closes on
Monday, August 11, 2008.
Individuals who would like to participate should call 800-599-9816
(passcode: 24392851) approximately 15 minutes before the sch... |
| | | 06/05/08 | Concho Resources Inc. to Acquire Oil & Gas Properties in the Permian Basin for $565 Million| MIDLAND, Texas--(BUSINESS WIRE)--June 5, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it
has entered into a definitive agreement to acquire all the outstanding
general partner, limited partner and membership interests of Henry
Petroleum and certain affiliated entities (collectively "Henry"), for
$565 million in cash, subject to customary closing conditions. Henry
is a private Midland, Texas based oil and gas exploration and
production compan... |
| | | 05/28/08 | Concho Resources Inc. Announces Management Change| MIDLAND, Texas, May 28, 2008 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company")
today announced that the Board of Directors of the Company has
appointed Steven L. Beal, on an interim basis, as its Chief Financial
Officer, effective upon the departure of Curt F. Kamradt who has
resigned for personal reasons effective June 23, 2008. Mr. Beal will
serve as Chief Financial Officer in addition to his current role as a
Director and the President and Chief Operating ... |
| | | 05/23/08 | Concho Resources Inc. Announces the Appointment of Matthew G. Hyde as Vice President - Exploration| MIDLAND, Texas--(BUSINESS WIRE)--May 23, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that
Matthew G. Hyde was appointed Vice President - Exploration by its
Board of Directors on May 21, 2008.
Prior to joining Concho, Mr. Hyde was employed by Occidental
Petroleum for over 25 years in a variety of capacities, including his
last position as the Asset Manager of Oxy Permian's South Permian
asset. Mr. Hyde's 27 years in the industry includes inte... |
| | | 05/20/08 | Concho Resources Inc. Reports Temporary Shut-In of Approximately 4,200 Net Barrels of Daily Crude Oil Production| MIDLAND, Texas--(BUSINESS WIRE)--May 20, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today reported that
approximately 4,200 barrels of crude oil per day, net to the Company,
has been shut-in due to repairs at the Navajo Refinery in Artesia, New
Mexico.
In a press release, dated May 19, 2008, the owner of the refinery,
Holly Corporation, stated that it believes it will take approximately
one week to repair the refinery.
Assuming operations at the refin... |
| | | 05/13/08 | Concho Resources Inc. Reports First Quarter 2008 Financial and Operating Results and Announces Increased 2008 Capital Budget| MIDLAND, Texas--(BUSINESS WIRE)--May 13, 2008--Concho Resources
Inc. (NYSE: CXO) ("Concho" or the "Company") today reported first
quarter 2008 financial and operating results. Highlights for the
quarter ended March 31, 2008 include:
-- Production of 8.4 Bcfe, a 17% increase over the same period in
2007
-- Net income of $22.4 million, a 384% increase over the same
period in 2007
-- Net cash provided by operating activities of $69.8 million, a
... |
| | | 05/09/08 | Concho Resources Inc. Announces Participation in the UBS Global Oil & Gas Conference| MIDLAND, Texas--(BUSINESS WIRE)--May 9, 2008--Concho Resources
Inc. (NYSE: CXO) (the "Company") today announced its participation in
the upcoming UBS Global Oil & Gas Conference in Austin, Texas on
Thursday, May 22, 2008 at 12:30 pm CT.
The presentation for this event will be available on Concho's
website, www.conchoresources.com, prior to the speaking time.
Additionally, the conference presentation will be webcast, and can be
accessed through the Company website.
About Conch... |
| | | 04/29/08 | Concho Resources Inc. Schedules First Quarter 2008 Conference Call for May 14, 2008| MIDLAND, Texas--(BUSINESS WIRE)--April 29, 2008--Concho Resources
Inc. (NYSE: CXO) will host a conference call on Wednesday, May 14,
2008, at 10:00 a.m. CDT (11:00 a.m. EDT) to discuss its first quarter
2008 financial and operating results. Earnings are expected to be
released after the market closes on Tuesday, May 13, 2008.
Individuals who would like to participate should call 866-383-8108
(passcode: 70866558) approximately 15 minutes before the scheduled
conference call time. T... |
| | | 03/12/08 | Concho Resources Inc. Announces Participation in Upcoming Conferences| MIDLAND, Texas--(BUSINESS WIRE)--March 12, 2008--Concho Resources
Inc. (NYSE: CXO) (the "Company") today announced its participation in
the following conferences: the Bank of America SmidCap Conference on
Thursday, March 27th at 8:00 am ET, the IPAA OGIS New York on Tuesday,
April 8th at 8:45 am ET, the Howard Weil Energy Conference on
Wednesday, April 9th at 3:45 pm CT, and the Executive Oil Conference
on Tuesday, April 15th at 12:30 pm CT.
Presentations for each of these events ... |
| | | 02/26/08 | Concho Resources Inc. Announces Fourth Quarter and Full Year 2007 Financial and Operating Results| MIDLAND, Texas, Feb 26, 2008 (BUSINESS WIRE) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company")
today reported fourth quarter and year-end 2007 financial and
operating results. Highlights for the year ended December 31, 2007
include:
-- Reserve replacement(1) of 363% at an all sources finding and
development cost(2) of $1.72/mcfe
-- Production of 30.1 Bcfe, a 30% increase over 2006
-- Year-end proved reserves of 546 Bcfe, a 17% increase over 2006
-- Net in... |
| | | 02/05/08 | Concho Resources Inc. Schedules Fourth Quarter and Year End 2007 Conference Call for February 27, 2008| MIDLAND, Texas--(BUSINESS WIRE)--Feb. 5, 2008--Concho Resources
Inc. (NYSE:CXO) will host a conference call on Wednesday, February 27,
2008, at 10:00 a.m. CST (11:00 a.m. EST) to discuss its fourth quarter
and year end 2007 financial and operating results. Earnings are
expected to be released after the market closes on Tuesday, February
26, 2008.
Individuals who would like to participate should call 800-659-1966
(passcode: 21802573) approximately 15 minutes before the scheduled
c... |
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