Permian Basin Consolidation and Strategic Acreage Acquisition
CONCHO
Delaware Basin Play - A Leading Operator
Overview
• Concho is an industry leader in horizontal
development in the Delaware Basin
• Combined position and scale provide
meaningful opportunity to continue rapid
growth of oil and liquids-rich production
Successfully delineating multi-zone potential
High-impact wells currently producing from
seven unique zones
•
.
-
Well performance exceeding expectations
Hz Delaware Basin Play Production (MBoe/d)¹
~33% Quarterly Growth
12.4
11.0
8.6
5.5
4.0
1Q11
2Q11
Permian Horizontal Wells Drilled by Public Companies (2009 - 2012 YTD)
300
250
3Q11
4Q11
1Q12
200
150
100
50
O
216
CXO
DVN
KMI
XEC
EOG
APC
CHK
XTO
APA
EGN
Source: DI Desktop and IHS.
1
Based on net production contribution from horizontal wells in the Delaware Basin.
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