Concho Resources Inc. Announces Resignation of A. Wellford Tabor from Its Board of Directors

MIDLAND, Texas--(BUSINESS WIRE)--

Concho Resources Inc. CXO (the “Company” or “Concho”) today announced that A. Wellford Tabor has resigned from the Board of Directors and all its committees.

Timothy A. Leach, the Company's Chairman, Chief Executive Officer and President, commented, “I would like to thank Wellford personally and on behalf of Concho for his service to our Company. Wellford has been an integral part of this Company and our team for more than 10 years, and I wish him and his family the very best into the future.”

Mr. Tabor commented, “I am extremely fortunate to have been able to partner with the Concho management team to build such a tremendous company. My involvement with Concho from startup to where the Company is today has been a very gratifying experience and I am immensely proud of what Tim and the Concho team have accomplished.”

About Concho Resources Inc.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. For more information, visit the Company's website at www.concho.com.