Concho Resources Inc. Reports Production Results for the Second Quarter of 2019; Provides Production Guidance for the Fiscal 2020
August 01, 2019 at 09:00 am EDT
Concho Resources Inc. reported production results for the second quarter of 2019. The company reported production for the quarter averaged 329,000 BOEs per day, which exceeded the high-end of guidance range. And oil volumes averaged 206,000 barrels per day.
The company sees 2020 as a year to grow production in that double digits with oil outpacing the overall BOE growth and yielding the free cash flow.