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Concho Resources Inc
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April 2012 Investor Presentation
| Timothy A. Leach | Page 19 of 11 |
June 09, 2026
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"April 2012 Investor Presentation"
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Texas Permian ?Midland Basin ? Early mover establishing large, contiguous p osition throu g h g reenfieldleasin g efforts North Midland Basin ? New Play pg g g ? Over 60,000 gross acres with high WI and actively leasing? Multi-stacked pay potential primarily targeting Wolfcamp/Cline shale ? Currently drilling first well in Terry County Currently drilling first well in Terry County ? Expected production mix similar to Wolfberry Wolfberry ? Technical team has drilled 1,000 wells ? Wolfberry well characteristics (40-acres):? Drill and complete: $1.6 -$1.8mm ? EUR: 140 MBoe d IP Bd ? 30- d a y IP : 95 -125 B oe pd ? TVD: 7,500? -11,000? ? 8 -10 fracstages? Plan to drill two horizontal Wolfcamp shale wells in 2012; continue to test opportunities 19 Concho Acreage wells in 2012; continue to test opportunities in eastern Midland Basin