Concho Resources to Acquire ~12,000 Net Acres in Texas for ~$360M

Concho Resources Inc. CXO today announced three separate transactions that enhance the Company's position in the southern Delaware Basin, high grade the Company's portfolio and reduce net debt. Highlights Concho agreed to acquire approximately 12,000 net acres complementary to the Company's core North Harpoon prospect in Ward and Reeves Counties, Texas, from a private operator for total consideration of approximately $360 million, through a combination of common stock, cash and drilling carry. The Company completed an acreage exchange with Clayton See full press release