Concho Resources (CXO) pays $285M for oil and gas assets in the Permian Basin, and settles a...

|By:, SA News Editor

Concho Resources (CXO) pays $285M for oil and gas assets in the Permian Basin, and settles a legal fight with Apache (APA) and BP related to Concho's $1.66B purchase of Marbob Energy. Concho and Apache will partner in the new assets, which have estimated proved reserves of 12M barrels of oil equivalent.