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May 12, 2014
05:50 EDTCXOConcho Resources reports Q1 adjusted EPS $1.01, consensus 97c
Reports Q1 revenue $660.96M, consensus $629.78M. Reports Q1 average production of 101.6 MBoepd. Tim Leach, chairman, CEO, and president, stated, “Production during Q1 exceeded our expectations driven by improved operational efficiencies and strong well performance. Our assets in the Delaware Basin continue to deliver consistently strong results, reaffirming this region as one of the most prolific oil basins in the U.S. At the same time, we are realizing improved drill times which are enabling us to expand our budgeted drilling activity as we proceed through 2014.”
News For CXO From The Last 14 Days
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July 1, 2015
18:20 EDTCXOShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 29, 2015
08:25 EDTCXOConcho Resources NGL concerns overblown, says BMO Capital
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June 23, 2015
07:34 EDTCXOGlobal Hunter Securities to hold a conference
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