Concho to acquire interests in Wolfberry trend for $225M
Concho Resources announced that it has entered into a definitive agreement with multiple private sellers to acquire interests in certain producing and non-producing assets in the Wolfberry trend in the Permian Basin for $225M in cash, subject to usual and customary closing adjustments. The acquisition of these interests is subject to certain participation rights of third parties; therefore, the company’s final ownership level in these acquired assets will be between approximately 20% and 100%. This transaction is scheduled to close in December and the company will update 2010 guidance when its final ownership is determined. :theflyonthewall.com
News For CXO From The Last 14 Days
Check below for free stories on CXO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
