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Concho Resources Increases 2Q Production, Income

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August 7, 2012

Concho Resources Inc. (NYSE: CXO) reported financial and operating results for the three and six months ended June 30, 2012.

Production for the second quarter of 2012 totaled 6.8 MMBoe (4.2 million barrels of oil ("MMBbls") and 15.6 billion cubic feet of natural gas ("Bcf")), an increase of 22% as compared to 5.6 MMBoe (3.5 MMBbls and 12.3 Bcf) produced in the second quarter of 2011. During the second quarter of 2012, the Company estimates that production was negatively impacted by 3,000 barrels of oil equivalent per day ("Boepd") due ...

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