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PS - Concho Resources Highlights - May 13, 2020

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After slashing its midpoint capex guidance by 25% on March 17, Concho Resources is making further reductions. Current guidance of $1.6 billion is 40% lower than the original target and down 46% compared to 2019. The company will run an average of eight rigs in H2, down from 18 in Q1 and 10 in Q2. Planned completion activity was reduced to 190-210 operated wells from......
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