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Concho to acquire Midland Basin assets in US from Reliance Energy for $1.625bn Share 15 August 2016 Concho Resources has signed an agreement to acquire approximately 40,000 net acres in the core of the Midland Basin, US, from Reliance Energy in a deal valued at $1.625bn. The acquisition will enable Concho to expand its core Midland Basin position to more than 150,000 net acres and production of 30,000 barrels of oil equivalent per day (boepd). Furthermore, it will add about 40,000 net acres with an average 99% working interest to the company’s core Midland Basin position and improves its drilling inventory with more than 530 long-lateral drilling locations.

United statesTim leachReliance energyConcho resourcesMidland basinDelaware basinPermian basinஒன்றுபட்டது மாநிலங்களில்நேரம் லீச்நம்பகத்தன்மை ஆற்றல்கணக்கோ வளங்கள்மிட்லாண்ட் பேசின்டெலாவேர் பேசின்பெர்மியன் பேசின்