- The Permian Basin is one of the most prolific oil plays in the US that has shown healthy production growth in recent years.
- The present daily oil production in the Permian Basin is about 1.5 million barrels. Daily oil production is expected to reach 2.5-3.2 million barrels per day by 2025.
- Concho is an efficient company that is capable of reporting strong financial performance. The consensus target price reveals a very attractive upside at its current price level.