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A&D - Spur buys Concho’s Permian NW Shelf position for $925MM - September 2019



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Concho Resources agreed to sell its position on the Permian Basin’s Northwest Shelf in New Mexico to private equity-backed Spur Energy Partners for $925 million cash. The deal will enable Concho to meet its $500-700 million debt reduction goal and set it up for free cash flow generation in 2020, allow it to kick-start a newly announced $1.5 billion share repurchase program, and focus its portfolio on its core assets in the southern Delaware......
 
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