Opinion on  Concho Resources Inc. (CXO)     Sector: Energy  >  Industry: Oil & Gas Operations
Concho Resources, Inc.

Concho Resources, Inc. engages in the acquisition, development, exploitation, and exploration of oil and natural gas properties. The company primarily focuses in the Permian Basin of southeast New Mexico, the Central Basin Platform and the Western Delaware Basin of West Texas, the Williston Basin in North Dakota, and the Arkoma Basin in Arkansas. As of December 31, 2007, Concho Resources had approximately 546 Bcfe of net proved reserves and 2,067 wells, as well as held interests in 206,791 gross acres in 5 unconventional emerging resource plays. The company is headquartered in Midland, Texas.

Analysts'  Recommendation:	Buy
30 Days Ago:	Buy
Analysts' Target:	$39

Analysts' Targets
Lehman Brothers	$39
Overweight
Monday, June 16, 2008