Concho Resources Inc.

Priced a public offering of 9 million common shares. Underwriters received a 30-day option to purchase 1.35 million additional shares. The last sale price of the shares was $136.44 each. Proceeds are expected to finance part of the cash portion of the purchase price for the acquisition of Midland Basin assets for $1.625 billion. Their use to fund the acquisition is contingent on the acquisition’s closing. Proceeds will also fund part of the redemption of the 7% senior notes due in January 2021. Credit Suisse is the book-running manager.