Concho Resources’ 2018 was highlighted by M&A activity, development across
its acreage and production growth. The company closed its $9.5 billion acquisition of
RSP Permian in July, adding 47,000 net acres in the Midland Basin, 45,000 net acres
in the Delaware Basin and 62,400 boe/d of 4Q17 production. The company
also executed 15 asset trades in order to expand its inventory of long laterals
and divested an additional $361
million of non-core holdings.
Concho continued manufacturing
style development during the year, leading......
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