MIDLAND, Texas–(BUSINESS WIRE)–Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as it applies to the previously announced sale of the Company’s ownership interests in Alpha Holding Company, LLC, the owner of the Alpha Crude Connector system (“ACC”), to Plains All American Pipeline, L.P. (NYSE: PAA), was terminated early by the United States Federal Trade Commission on February 6, 2017. While the ACC sale remains subject to various closing conditions, Concho expects to close the transaction the week of February 13, 2017.
Concho Resources Inc.
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. The Company’s operations are focused in the Permian Basin of southeast New Mexico and west Texas. For more information, visit the Company’s website at www.concho.com.