Concho Pays $225M For Permian Basin Assets
The Midland, Texas-based independent oil and natural gas company said it had entered into a definitive agreement with multiple private sellers.
But because acquisition of the interests is subject to certain participation rights of third parties, the company's final ownership stake in the assets will be between 20 percent and 100 percent, Concho said.
The company expects the transaction, which...
To view the full article, register now.