$CXO (Concho Resources, Inc.)

$CXO {{ '2016-06-03T15:22:57+0000' | timeago}} • SEC

$CXO recorded an income tax benefit of $593.8MM and income tax expense of $4.2MM for 1Q16. The change in income tax provision was mainly due to the decrease in income before income taxes. The effective income tax rate was 36.8% vs. 35.6% in 1Q15.

$CXO {{ '2017-05-19T10:48:59+0000' | timeago}} • Announcement

$CXO announced that Joe Wright, EVP and COO, has been appointed to the BoD. Wright announced his intention to retire as an officer of the company in Jan. 2019. Additionally, Jack Harper, currently EVP and CFO, has been named President and CFO. Will Giraud will continue to serve as EVP until Jan. 2019, when he will succeed Joe Wright as COO.

$CXO {{ '2017-05-04T13:10:29+0000' | timeago}} • Announcement

$CXO's production for 1Q17 was an average of 0.18MM Boe per day, up 30%. Crude oil production totaled 113.6 thousand barrels per day, up 28%. Average daily natural gas production totaled 406.6 million cubic feet. During the quarter, Concho averaged 21 rigs, vs. 18 rigs in 4Q16.

$CXO {{ '2017-05-04T13:06:49+0000' | timeago}} • Announcement

In 1Q17, total operating revenues for $CXO more than doubled to $612MM from $284MM, as the oil and gas explorer returned to profit with a net income of $650MM from last year's loss of $1.02Bil. Net earnings were $4.37 per diluted share from a loss of $7.95 per share a year ago.

$CXO {{ '2017-03-28T23:04:24+0000' | timeago}} • Announcement

$CXO announced the appointment of Susan Helms to the company's BoD. Additionally, associated with Helms addition to $CXO's BoD, she was appointed to the company’s Reserves Committee.

$CXO {{ '2017-02-22T19:40:33+0000' | timeago}} • Webcast

$CXO plans to reinvest cash flow so its current capital outlook of $1.6-1.8Bil is funded entirely through cash flow from operations and will deliver production growth of 20-24%. In Northern Delaware, $CXO plans to average 8 rigs with over two-thirds of its capital targeting the Avalon and Wolfcamp zones.

$CXO {{ '2017-02-22T19:33:09+0000' | timeago}} • Webcast

During 2016, $CXO actively managed its acreage position by divesting non-core assets which helped fund acquisitions. The company announced a $2.4Bil acquisition during the year adding nearly 1500 high rate of return locations to its drilling inventory with associated resource of over 1Bil net barrels.

$CXO {{ '2017-02-21T22:29:22+0000' | timeago}} • Announcement

$CXO reported net loss of $125.1MM or $0.86 per share in 4Q16, compared to net loss of $0.8MM or $0.01 per share for 4Q15. Total operating revenues were $524.5MM in 4Q16.

$PAA {{ '2017-02-08T15:30:14+0000' | timeago}} • Announcement

In relation to the sale of the ownership interests in Alpha Holding Company to $PAA, $CXO said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was terminated early by the United States Federal Trade Commission. $CXO expects to close the transaction the week of Feb. 13, 2017.

$CXO {{ '2017-01-25T12:06:31+0000' | timeago}} • Announcement

$CXO and Frontier Midstream Solutions entered into separate agreements to sell 100% of their respective ownership interests of Alpha Holding, the owner of Alpha Crude Connector system (ACC), to $PAA for $1.215Bil. After adjusting for debt and working capital, $CXO expects to receive net cash proceeds of about $800MM. Closing will occur in 1H17.

$CXO {{ '2016-11-21T12:42:48+0000' | timeago}} • Announcement

$CXO said it agreed to buy approx. 24,000 gross acres in the northern Delaware Basin for about $430MM. Consideration in the transaction includes about $150MM of cash and 2.18MM shares of common stock. The acquisition is expected to close in Jan. 2017 and is subject to customary closing conditions.

$CXO {{ '2016-11-09T15:21:40+0000' | timeago}} • Webcast

$CXO said in terms of managing the portfolio, the company is looking to add bolt-on acreage in the core areas and reduce them outside the core areas. The company believes there will be more trading happening in the industry as it is prudent to own large blocks of acreage in core areas.

$CXO {{ '2016-11-09T15:04:07+0000' | timeago}} • Webcast

During 3Q16, $CXO announced the acqusition of 40,000 core net acres in the Midland Basin. The acquisition closed in October. The company is currently running one rig on these assets with plans to add a second rig in early 2017.

$CXO {{ '2016-11-09T14:58:53+0000' | timeago}} • Webcast

In the Northern and Southern Delaware Basin, $CXO delivered 30-day production rates and achieved record average lateral lengths across all assets during 3Q16. The resource potential in the Northern Delaware Basin is abundant and with more than 300,000 gross acres, the company has significant leverage to the stacked resource.

$CXO {{ '2016-11-08T22:48:54+0000' | timeago}} • Infographic

$CXO Concho Resources Earnings AlphaGraph: Q3 2016 Highlights

$CXO {{ '2016-11-08T22:11:15+0000' | timeago}} • Announcement

$CXO said it plans to direct approx. 25% of total drilling capital to the southern Delaware Basin, where the company plans to operate an average of four rigs during 2017. The company also expects the average lateral length for wells completed in 2017 to be approx. 10,000 feet, up 25% YoverY.

$CXO {{ '2016-11-08T22:09:04+0000' | timeago}} • Announcement

For 4Q16, $CXO expects production to average between 164-167 MBoepd. The company expects its total CapEx for 2016 to be $1.3Bil, within its guidance range of $1.1-1.3Bil. $CXO is also targeting 20% compound annual growth over the next three years within anticipated cash flows.

$CXO {{ '2016-11-08T22:02:33+0000' | timeago}} • Announcement

$CXO said it is raising its 2016 production growth target to 5%, as a result of drilling efficiencies, completion optimization and portfolio high grading. The company also expects to execute a $1.4-1.6Bil capital program during 2017 and deliver production growth of 17-20% over a robust 2016 production outlook.

$CXO {{ '2016-11-08T21:58:41+0000' | timeago}} • Announcement

Oil and gas producer $CXO reported net loss for 3Q16 compared to net income in the year ago quarter. Net loss for the quarter was $51.15MM, or $0.38 per share compared to a net income of $179.66MM or $1.49 per share a year ago. Operating revenues declined 7.10% to $430.55MM. Excluding items, $CXO earned $0.32 per share.

$CXO {{ '2016-10-04T21:07:47+0000' | timeago}} • Announcement

$CXO had recently completed its previously announced redemption of the entire outstanding principal amount of $600MM of its 7.0% Senior Notes due January 2021.

$CXO {{ '2016-10-04T21:05:51+0000' | timeago}} • Announcement

Oil and gas company $CXO completed its previously announced acquisition of approx. 40,000 net acres in the Midland Basin from Reliance Energy for approx. $1.625Bil. The company is currently running one rig on the acquired assets and plans to add a second rig in early 2017.

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