Concho Raises Capex to Develop New Permian Acreage

摘要

Concho Resources is kickstarting development of the legacy RSP Permian assets after its blockbuster acquisition in the second quarter, and the aggressive plan will increase the company’s spending this year by about 10%. In its first earnings call with investors since closing the $9.5 billion deal, the company gave investors a peek into its plans, which include several large-scale projects in the Permian Basin’s Delaware subbasin along with the infrastructure needed to support it (OD Mar.29’18).