Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/concho-resources-responds-to-severe-winter-weather.shtmlConcho Resources responds to severe winter weather impact on operations
Concho Resources Inc. announced that the combined effect of two severe winter storms across the Permian Basin in late November and early
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Concho Resources Inc. announced that the combined effect of two severe winter storms across the Permian Basin in late November and early December significantly impacted the Company's production. The Company experienced widespread power outages and considerable icing across all three of its core areas (New Mexico Shelf, Delaware Basin and Texas Permian).
The impact of the severe winter weather was not included in Concho's 2013 annual production guidance, as described in the Company's earnings release on November 6, 2013. The Company does not plan to adjust its production guidance; however, the unexpected impact of the severe winter storms is expected to cause 2013 annual production to fall near the low end of its guidance range.
