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Concho Resources' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Concho Resources Inc. ( CXO)

Q4 2011 Earnings Call

February 23, 2012 10:00 AM ET

Executives

Price Moncrief – Director, Corporate Development

Tim Leach – Chairman and CEO

Joe Wright – Chief Operating Officer

Jack Harper – Senior Vice President and Chief, Staff

Matt Hyde – Explorations, VP

Analysts

John Freeman – Raymond James

Neal Dingman – SunTrust

Scott Hanold – RBC Capital Markets

Jessica Chipman – TPH

Pearce Hammond – Simmons & Company

Bob Morris – Citigroup

Rhys Williams – Global Hunter Securities

Irene Haas – Wunderlich Securities, Inc.

Richard Tullis – Capital One Southcoast

Presentation

Operator

Good morning, ladies and gentlemen. And welcome to the Fourth Quarter 2011 Concho Resources Incorporated Earnings Conference Call. My name is, Chris, and I’ll be your conference moderator for today. Presently, all participants are in a listen-only mode. Later, we will facilitate a question-and-answer session. (Operator Instructions)

At this time, I would now like to turn the conference over to your presenter for today, Mr. Price Moncrief, Director of Corporate Development. Sir, you may proceed.

Price Moncrief

Good morning, everyone. We’re glad you could join us today for Concho’s fourth quarter and year end 2011 conference call. Before we get started, I’d like to direct your attention to the forward-looking statement disclaimer contained in the press release.

In summary, it says that statements in the press release and on this conference call that states the company’s or management’s expectations, or predictions of the future are forward-looking statements intended to be covered by the Safe Harbor provisions under the federal securities laws. There are many factors that could cause actual results to differ materially from our expectations, including those we’ve described in the press release, our 10-K and other filings with the SEC.

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