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Concho Resources' CEO Discusses Acquisition Of Three Rivers Operating Company Conference (Transcript)

Concho Resources Inc. (CXO)

Acquisition of Three Rivers Operating Company Conference Call

May 14, 2012 11:00 am ET

Executives

Steven H. Pruett – Senior Vice President of Corporate Development

Timothy A. Leach – Chairman, President and Chief Executive Officer

Matthew G. Hyde – Senior Vice President of Exploration

Analysts

John Freeman – Raymond James

Neal Dingman – SunTrust Robinson Humphrey

Brian Singer – Goldman Sachs

William Butler – Stephens

Scott Hanold – RBC Capital Markets

Jessica Chipman – Tudor, Pickering, Holt & Co.

David Deckelbaum – KeyBanc Capital Markets

Pearce W. Hammond – Simmons & Company International

David R. Tameron – Wells Fargo Advisors LLC

Sven Del Pozzo – IHS Herold

Richard Tullis – Capital One Southcoast

Mario Barraza – Tuohy Brothers Investment Research, Inc.

Abhishek Sinha – Bank of America Merrill Lynch

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Concho Resources Incorporation to Acquire Oil and Gas Assets of Three Rivers Operating Company Conference Call. My name is Bhupendra, and will be your operator for today. At this time all participants are in listen-only-mode. We will conduct a question-and-answer session towards the end of the conference. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I’d now like to turn the call over to Mr. Steve Pruett, Senior Vice President, Corporate Development. Please proceed, sir.

Steven H. Pruett

Good morning, everyone, and thank you for joining us. Today, we are joined together for our conference call to discuss our pending acquisition of the oil and gas assets of Three Rivers Operating Company.

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