Concho Contemplates a Democrat in the White House

摘要

Concho Resources’ management already has a plan in place to mitigate the impact of an anti- industry Democrat winning the White House next year: Run for the border. That’s across the border of New Mexico - where 20% of Concho’s total production is extracted from the federal lands most likely subject to the Democrats’ frack ban proposal - and Texas, where the majority of drilling occurs on private land. Consequently, roughly 20% of Concho’s capital spending takes place in New Mexico.