CXO News and Press, Concho Resources Inc. From 02/05/20

Crude oil prices soar following reports that scientists have developed an effective drug against the coronavirus; March WTI (NYSEARCA: USO ) +4.2% to $51.70/bbl, April Brent (NYSEARCA: BNO ) +4.3% to $56.29/bbl. More news on: The United States Oil ETF, LP, United States Brent Oil Fu...

Permian Basin Fracked Shale Oil Wells Source Introduction The shale drilling and fracking revolution has had a profound impact on US daily production and US energy imports and exports; it has also impacted global oil prices and may even have contributed to a complete re-thinking ...

With the current rig count flat at 400 units and average new production per rig at 810 bbl/day, Permian Basin production will peak in February 2021 , then will start to fall at an accelerating rate as the burden of legacy well declines continues to grow, according to a Bloomberg analysis. ...

The price of crude oil has been all over the place in recent years. That's causing most investors to avoid the sector. However, crude has recovered some of its lost ground over the past year thanks to continued production curtailments by OPEC and a drilling slowdown in the U.S. Despite those...

Crude oil ( USO -2.7% ) trades at its lowest levels since early November and on track for its worst week since May , as the coronavirus outbreak continues to pressure prices. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, Concho Resources Inc., Energy stocks...

AUSTIN, Texas and MIDLAND, Texas , Jan. 21, 2020 /PRNewswire/ -- Enverus, the leading energy SaaS and data analytics company, and Concho Resources (NYSE: CXO) today announced they will bring to market a new product, Audit Analytics, which enables energy companies to reduce costs by iden...

Welcome, ladies and gents! When I struggle to come up with titles for my articles, I know there is nothing that will attract readers like …. accounting!? Some of you may have decided to read this, not knowing that it would be about boring stuff like balance sheets and fruit bowls, while...

Occidental Petroleum ( OXY +1.2% ) is one of three oil exploration and production stocks upgraded at Morgan Stanley while the firm downgrades its industry view to In-Line. More news on: Occidental Petroleum Corporation, Concho Resources Inc., Apache Corporation, Energy stocks news, Sto...

Crude oil ended 2019 on a high note. The U.S. oil benchmark price, WTI, jumped 11% for the month, closing above $61 a barrel.  That uptick in the oil market fueled shares of U.S. shale-focused  energy companies  last month. Notable drillers  Continental Resources&#x...

In Part 1 of this series (which you can read here ), I compiled lots of detail about U.S. independent E&P companies debt, including results of borrowing base reviews for fall 2019, a schedule by year of maturities and amounts, as well as other financial and operational metrics which reade...