March 28, 2018 archive

$9.5 billion Merger Announced by Permian Driller

A Midland, Texas company is taking over another Permian Basin operator in a $9.5 billion deal announced this week. Concho Resources Inc. is acquiring RSP Permian Inc. in an all-stock transaction that will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The move allows Concho to expand its …

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