Concho Resources
(NYSE: CXO)
87.81
+0.46
+0.53%
+0.46
+0.53%
MORE ON CXO
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Concho Resources, Inc. |
| Industry: | Oil & Gas E&P |
| Employees: | 745 |
DESCRIPTION
| Concho Resources Inc. is a Delaware corporation, which was formed in February 2006 as a result of the combination of Concho Equity Holdings Corp. and a portion of the oil and natural gas properties and related assets owned by Chase Oil Corporation and certain of its affiliates. It is an independent oil and natural gas company, which is engaged in the acquisition, development, exploitation and exploration of producing oil and natural gas properties. Its core operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, a large onshore oil and natural gas basin in the United States. The Permian Basin is one of the most prolific oil and natural gas producing regions in the United States and is characterized by an extensive production history, mature infrastructure, long reserve life, multiple producing horizons and enhanced recovery potential. It refers to its two core operating areas as the New Mexico Permian, where it primarily targets the Yeso formation, and Texas Permian, where it primarily targets the Wolfberry, a term applied to the combined Wolfcamp and Spraberry horizons. Its core operations are focused in the Permian Basin of Southeast New Mexico and West Texas. It underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. Commercial accumulations of hydrocarbons occur in multiple stratigraphic horizons, at depths ranging from approximately 1,000 feet to over 25,000 feet. The production of oil and natural gas is subject to regulation under a wide range of local, state and federal statutes, rules, orders and regulations. |
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
RECENT QUOTES
WATCHLIST
You're not signed in
You’re not signed in to MSN Money, so you’re seeing the Watchlist that is tied to your computer. For a more consistent Watchlist experience, sign in to MSN Money.
Learn more
Sponsored by:
MARKET UPDATE
[BRIEFING.COM] S&P futures vs fair value: +1.50. Nasdaq futures vs fair value: +5.50.
...
More
MORE MARKET NEWS
Sponsored by: