Concho Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Concho Resources, Inc. (CXO)

Q2 2012 Earnings Call

August 7, 2012 10:00 am ET

Executives

L. Price Moncrief – Vice President of Capital Markets and Strategy

Timothy A. Leach – President & Chief Executive Officer

E. Joseph Wright – Chief Operating Officer & Senior Vice President

Steven H. Pruett – Senior Vice President, Corporate Development

Matthew Glover Hyde – Senior Vice President, Exploration

Analysts

John Freeman – Raymond James & Associates

Brian Lively – Tudor, Pickering, Holt & Co. Securities, Inc.

Brian Singer – Goldman Sachs & Co.

William Butler – Stephens, Inc.

David Tameron – Wells Fargo Advisors LLC

Neal Dingmann – SunTrust Robinson Humphrey, Inc.

Scott Hanold – RBC Capital Markets

Irene Haas – Wunderlich Securities Inc.

Pearce Hammond – Simmons & Company International

Michael Scialla – Stifel, Nicolaus & Co., Inc.

Mike Kelly – Global Hunter Securities LLC

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the second quarter 2012 Concho Resources earnings conference call. My name is Fab and I will be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the conference over to your host for today, Mr. Price Moncrief, Vice President of Capital Markets and Strategy. Please proceed.

L. Price Moncrief

Thank you, Fab. Good morning everyone. We’re glad you could join us today for Concho’s second quarter 2012 conference call. Before we get started, I would like to direct your attention to the forward-looking statement Disclaimer contained in the press release.

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