Concho Resources Inc. Announces 2008 Estimated Full Year Production and Year End Reserves and Provides Operations Update.
Business Wire › January 28, 2009
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Concho Resources Inc. Announces 2008 Estimated Full Year Production and Year End Reserves and Provides Operations Update.
MIDLAND, Texas -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today reported estimated full year 2008 production and year end reserves and provided an operations update. Production and reserves highlights for the year ended December 31, 2008 include:
* Reserve replacement1 of 752% * Production of 7.1 million barrels of oil equivalents ("MMBoe"), a 41% increase over 2007 * Year end proved reserves of 137 MMBoe, a 51% increase over year end 2007 1The Company uses the reserve replacement ratio as an indicator of the Company's...See the full content of this document
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