Permian Basin Consolidation and Strategic Acreage Acquisition

CONCHO ARTESIA 11 CHAVES EDDY New Mexico Shelf - Complementing Core Legacy Position LOWER ABO LEA - YESO DELAWARE BASIN 148-310 Concho Acreage Three Rivers Acreage New Mexico Shelf Bolt-on Provides bolt-on acreage across core legacy New Mexico Shelf position Concho has drilled over 1,000 wells in the Yeso • • Expanding the play boundary through horizontal development Currently operating 9 Yeso rigs, 1 Lower Abo rig - Two horizontal Yeso rigs; converting 3rd in 2Q12 11

View entire presentation