By Jennifer Warren : Parsley Energy continues to stay true to its word, increasing production, acreage opportunities and growth as a Permian pure-play E&P firm. Proved reserves have increased from 55 million boe to 63 million, with a May 1 acquisition included. A pending acreage acquisition in ...
Strategist : Concho Resource Inc. (NYSE: CXO ) is an independent oil and gas company ..... exploration of oil and gas properties in the US. CXO operates in one of the most prolific oil ..... in Southeast New Mexico and West Texas. CXO fetches growth in reserves and production
By Alpha World : The shale boom in the U.S. has changed the dynamics of the global energy market. The International Energy Agency and Bank of America have said in reports this year that the U.S. has already surpassed Saudi Arabia and Russia as the world's top oil producer. Bank of America even ...
By Jennifer Warren : In late January of 2014, I wrote about Occidental Petroleum's ( OXY) push into the Permian Basin. At that time, they were strategizing about their re-invigorated Permian efforts on their 1.7 million net acres. Since then, they have added 200,000 more net acres. Given OXY's size
Concho Resources ( CXO -1.2% ) is upgraded to Buy from Accumulate with a $185 price target, up from $176 ..... guidance; however, the firm's 2015 production estimate is five percentage points lower than CXO 's goal. 1 comment!
Concho Resources ( CXO +o.6% ) is removed from the Focus List at Howard Weil, which sees ..... price appreciation. Separately, COO Joe Wright complained yesterday in CXO 's earnings conference call that the company has faced delays of several
Concho Resources reported second-quarter results Wednesday that were in line with our expectations and at the high end of management's guidance
Concho Resources (NYSE: CXO ): Q2 EPS of $1.04 beats by $0.07 . Revenue of $704.7M (+25.2% Y/Y) beats by $27.99M . Shares +1.1% . Press Release Post your comment!
Collectively, Concho's directors and officers own 3% of common shares outstanding. With headquarters in Midland, Texas, Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern
letter to shareholders: The Fund eliminated six positions this quarter: three that worked out well (Cimarex Energy, Concho Resources and Crane) and three that didn’t (Encana, Hospira and Quest Diagnostics)... In the case of Encana and Quest