Concho Resources
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ConocoPhillips promised more than just growth and costs savings when it announced a deal to acquire Concho. -
Concho Resources and Enverus say turning to automated software for tracking invoices could save the upstream business many millions of dollars.
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Share prices have plunged for seemingly every major US shale producer, with Concho, Pioneer, and Continental among those receiving the worst of the market’s fury. Have investors completely lost faith in the industry? And are shale executives any more optimistic?
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A joint-venture agreement gives Solaris control of Concho’s produced-water infrastructure in New Mexico, and Lagoon Water Solutions closed on a deal with Continental in Oklahoma.
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The pipeline system will have the initial capacity to deliver 150,000 B/D of crude oil to multiple delivery points, accessing local refineries and connecting to several downstream pipelines.
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Production growth in the Permian Basin requires drill rigs running at a high pace. That is challenging companies to push well productivity.
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A pair of Permian pure-play operators are consolidating to form a regional drilling and production powerhouse.
