Concho Resources

ConocoPhillips Announces Agreement to Sell Indonesia Assets for $1.355 Billion and Provides Notice that it is Exercising its Preemption Right to Purchase Up to an Additional 10% Shareholding Interest in APLNG

Retrieved on: 
Wednesday, December 8, 2021
Oil, Gas, Energy, U.S. Securities and Exchange Commission, NYSE, GHG, Forward-looking statement, MedcoEnergi, Origin Energy, Natural gas, Security (finance), Phrase, OPEC, PDVSA, Steel, Epidemic, Shell, ConocoPhillips, Pandemic, Transport, Government, History, Aluminium, Lifting, Time, COVID-19, Attention, Uncertainty, Share repurchase, ICSID, Sale, Terrorism, Concho Resources, Acquisition, PSC, Oil

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Key Points: 
  • The ConocoPhillips subsidiary currently holds a 37.5% APLNG shareholding interest and would own 47.5% of APLNG upon closing if the other relevant APLNG shareholder does not exercise its preemption rights.
  • The transaction is expected to close in the first quarter of 2022 and is subject to Australian government approval.
  • ConocoPhillips full-year 2020 production from APLNG was approximately 115 MBOED, and full-year 2021 distributions are expected to be approximately $750 million, excluding distributions resulting from any additional shareholding interest arising from preemption.
  • Through the achievements of APLNG and its other shareholders, Origin Energy and Sinopec, APLNG has become a world-class integrated LNG operation.

ConocoPhillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-Tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution

Retrieved on: 
Monday, December 6, 2021
Oil, Gas, Energy, Permian, Concho Resources, Public expenditure, Carbon, Asia, News, Government, Terrorism, International, Technology, Phrase, Time, Acquisition, Forward-looking statement, Aluminium, Pandemic, NYSE, Shell, Transport, Attention, ICSID, PDVSA, Hydrogen, U.S. Securities and Exchange Commission, Epidemic, COVID-19, Cenovus Energy, VROC, Investment, GAAP, Montney, British Columbia, CFO, Central, OPEC, Methane, Efficiency, Share repurchase, ConocoPhillips, Uncertainty, Steel, Silent Scope 3, Lifting, Growth, Security (finance), Potash, Renewable energy, Fine chemical, Oil, Risk management, Holding company, Bank

Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.

Key Points: 
  • Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.
  • The first VROC of $0.20 per share will be paid on Jan. 14, 2022, to shareholders of record as of Jan. 3, 2022.
  • The company also announced its expected 2022 returns of capital program and the initiation of a three-tier returns of capital framework.
  • Returns of capital (also referred to as distributions) is defined as the total of the ordinary dividend, share repurchases and VROC.

ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition

Retrieved on: 
Wednesday, December 1, 2021
Oil, Gas, Energy, Permian, GHG, News, Government, Security (finance), Terrorism, Phrase, Time, Concho Resources, Acquisition, Aluminium, Forward-looking statement, Pandemic, Shell, NYSE, Transport, Attention, ICSID, PDVSA, U.S. Securities and Exchange Commission, Epidemic, COVID-19, OPEC, ConocoPhillips, Uncertainty, Steel, Lifting, Bank, Risk management

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Key Points: 
  • ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLCs prolific Delaware basin position for $9.5 billion in cash.
  • After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021.
  • Lance continued, The completion of this acquisition caps off an exceptional year and significantly strengthens our company as we head into 2022.
  • Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Aris Water Solutions Appoints Adrian Milton as General Counsel

Retrieved on: 
Monday, November 29, 2021
Natural Resources, Other Natural Resources, Environment, Permian, ARIS, Carbon, Aris Water Polo Club, Business administration, University, International business, Concha, Concho Resources, NYSE, Recycling, Marketing, General counsel, Risk management, Solution, Corporation, University of Chicago Law School, Latham, View, Water, ConocoPhillips, Latham & Watkins, Multimedia, Growth

Aris Water Solutions, Inc. (NYSE: ARIS), (Aris Water) a leading, growth-oriented environmental infrastructure and solutions company, today announced the appointment of Adrian Milton as General Counsel, Chief Administrative Officer and Corporate Secretary.

Key Points: 
  • Aris Water Solutions, Inc. (NYSE: ARIS), (Aris Water) a leading, growth-oriented environmental infrastructure and solutions company, today announced the appointment of Adrian Milton as General Counsel, Chief Administrative Officer and Corporate Secretary.
  • He will play an important role in our efforts to advance our growth story, said Aris Water Solutions CEO Amanda Brock.
  • Our team has decades of experience in water handling and an outstanding track record that has established a strong foundation for growth and success, said Adrian Milton, now Aris Water Solutions General Counsel.
  • Aris Water Solutions, Inc. is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints.

Tailwater Capital Announces Launch of Tailwater Royalties to Deepen Investment Presence in Key Basins

Retrieved on: 
Friday, November 5, 2021
Permian, Mineral, Ecosystem, Decreasing graduation completion rates in the United States, P.C, Marathon Oil, Immersion, Leadership, Engineering, Entrepreneurship, Eagle Ford, Dallas, Concho Resources, Growth, Petroleum, LLC, Partnership, Reservoir engineering, Acquisition, Norfork Tailwater, Company, Financial services, Oil

Tailwater Royalties will deepen the Firm's footprint in critical regions with a focus on the acquisition of minerals and royalties across multiple basins throughout North America, including the Permian Basin, Williston, Eagle Ford and Rockies.

Key Points: 
  • Tailwater Royalties will deepen the Firm's footprint in critical regions with a focus on the acquisition of minerals and royalties across multiple basins throughout North America, including the Permian Basin, Williston, Eagle Ford and Rockies.
  • Through the leadership of Mr. Prieto and Mr. Harris, Tailwater Royalties will continue to exemplify Tailwater's commitment to a partnership-based approach with investment theses that build on proprietary knowledge and balanced portfolio construction.
  • We believe the initiatives planned by Tailwater Royalties will continue to help us build diversified positions for thought leadership in the energy space."
  • Paul Lee, Entrepreneur-In-Residence of Tailwater, will work closely with Tailwater Royalties to execute on its near- and long-term growth objectives.

Megan Hays Joins Kimmeridge as Firm Drives Change in Public E&P Sector

Retrieved on: 
Monday, November 1, 2021
Neeley School of Business, Kimmeridge, TCU, Industry, Cimarex Energy, Adoption, ESG, Leadership, Cabot Oil & Gas, LLC, Concho Resources, Texas Christian University, International relations, Energy Institute, Lists of companies, Business, Philosophy, Management

NEW YORK and DENVER, Nov. 1, 2021 /PRNewswire/ --Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm"), a private investment firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today announced that Megan Hays has joined the firm as a managing director on its public investment team.

Key Points: 
  • NEW YORK and DENVER, Nov. 1, 2021 /PRNewswire/ --Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm"), a private investment firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today announced that Megan Hays has joined the firm as a managing director on its public investment team.
  • Mrs. Hays brings with her 15 years of investor relations experience, with deep industry knowledge from her roles at major public E&P companies.
  • Mark Viviano, Head of Public Equities at Kimmeridge, said, "While important reforms have been achieved in the public E&P sector, there is still much work to be done to prepare the sector for the energy transition.
  • Megan Hays, Managing Director at Kimmeridge, said, "Now more than ever, public E&Ps must critically examine whether their business models can endure the energy transition and remain viable for the future.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Concho, ATI, HyreCar, and The Honest Company and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, September 28, 2021
Therapy, News, Insurance, Tax, Wellness, Business architecture, NASDAQ, The Honest Company, EBITDA, Registration statement, Depreciation, Complaint, ATI, Defendant, Concho Resources, Company, Program, Dominator, Household, Register, CXO, COVID-19, ATIP, IPO, CFO, ATI Physical Therapy, Incidence, Acceleration, NYSE, GLOBE, Lists of schools in England, Security (finance), Audit, Animal, Pharmaceutical industry

On July 31, 2019, after the close of trading, Concho released its financial results for the second quarter 2019.

Key Points: 
  • On July 31, 2019, after the close of trading, Concho released its financial results for the second quarter 2019.
  • ThoughATIwas implementing certain remedial actions, the Company reduced its fiscal 2021 forecast due to the foregoing factors.
  • Honest Company also disclosed that its Diapers and Wipes category revenue declined 2% compared to the second quarter of 2020.
  • For more information on the Honest Company class action go to: https://bespc.com/cases/HNST
    About Bragar Eagel & Squire, P.C.

CXO FINAL DEADLINE TUESDAY: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Concho Resources Inc. Investors with Losses to Secure Counsel Before Important September 28 Deadline in Securities Class Action – CXO

Retrieved on: 
Sunday, September 26, 2021
Titan, Permian, I-Space (Chinese company), TO, Class, Globe, LinkedIn, Delaware Basin, Court, Twitter, THE, Concho Resources, WHY, CXO, Facebook, Advertising, NYSE, GLOBE, Lists of schools in England, Insurance, Tobacco

WHAT TO DO NEXT: To join the Concho class action, go to http://www.rosenlegal.com/cases-register-2133.html or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Concho class action, go to http://www.rosenlegal.com/cases-register-2133.html or call Phillip Kim, Esq.
  • If you wish to serve as lead plaintiff, you must move the Court no later than September 28, 2021.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

CONCHO DEADLINE ALERT: Faruqi & Faruqi LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Concho To Contact Him Directly To Discuss Their Options

Retrieved on: 
Sunday, September 26, 2021
Disclosure, News, LLP, Advertising, Concho Resources, Jeffries, Lists of schools in England, Frustration, Court, Woman, Company, Dominator, NYSE, GLOBE, Risk management

If you suffered losses exceeding $50,000 investing in Concho stock or options between February 21, 2018 and July 31, 2019 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points: 
  • If you suffered losses exceeding $50,000 investing in Concho stock or options between February 21, 2018 and July 31, 2019 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
  • Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Conchos conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)

Retrieved on: 
Friday, September 24, 2021
Legal, Professional Services, Permian, News, Suite, Concha, Court, Complaint, Twitter, Defendant, Concho Resources, Company, Dominator, CXO, ConocoPhillips, Law, NYSE, Time, Budget, Lists of schools in England, Risk management

In 2018, Concho planned and constructed the Dominator Project ("Dominator") located in the Permian Basin.

Key Points: 
  • In 2018, Concho planned and constructed the Dominator Project ("Dominator") located in the Permian Basin.
  • On this news, Conchos stock price fell 22% per share on August 1, 2019, thereby injuring investors.
  • ConocoPhillips (NYSE: COP) acquired Concho in January 2021 and is also named as a defendant in the complaint.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.