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CXO > SEC Filings for CXO > Form 8-K on 13-Dec-2016All Recent SEC Filings

Show all filings for CONCHO RESOURCES INC



Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure

On December 13, 2016, Concho Resources Inc. (the "Company") and its subsidiaries announced their intention to offer $600,000,000 aggregate principal amount of senior unsecured notes due 2025 in a publicly underwritten offering (the "Notes Offering").

In connection with the Notes Offering, the Company is disclosing under Item 7.01 of this Report the following information contained in the preliminary prospectus supplement and investor presentation that is being delivered to potential investors in connection with the Notes Offering. The information contained in this Report, does not constitute an offer to sell, or a solicitation of an offer to buy, any of the senior unsecured notes in the Notes Offering or any other securities of the Company.

Company Hedging Positions

As of December 13, 2016, the Company's crude oil and natural gas hedges were as

                                Fourth Quarter
                                     2016                2017              2018
      Oil Swaps: (a)
      Volume (Bbl)                    5,054,000        24,688,800        19,046,124
      Price per Bbl            $          59.38      $      54.58      $      51.38
      Oil Basis Swaps: (b)
      Volume (Bbl)                    5,060,000        22,412,000         1,095,000
      Price per Bbl            $          (1.48 )    $      (0.79 )    $      (0.89 )
      Natural Gas Swaps: (c)
      Volume (MMBtu)                  7,360,000        51,859,398        20,595,000
      Price per MMBtu          $           3.02      $       3.06      $       3.03

In accordance with General Instruction B.2 of Form 8-K, the information presented herein under Item 7.01 shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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