V&E Reps Concho In $1.7B Marbob Energy Deal

Law360, New York (July 20, 2010, 3:39 PM EDT) -- Concho Resources Inc. announced Tuesday that it planned to buy all the oil and gas assets of privately held Marbob Energy Corp. for $1.65 billion in cash and securities, in an effort to expand its holdings in southeastern New Mexico.

The deal will give the Midland, Texas-based oil and gas company access to a large section of land next to its core Yeso operation in the New Mexico Shelf, plus significant acreage in the emerging Bone Spring area, it said.

The assets represent about 76 million...
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