Concho Resources, Inc. (CXO): Avalon shale update

By Andrea: http://oilshalegas.com

Concho Resources, Inc. (CXO) announced recently that it plans to drill its first horizontal well in the Avalon shale by the end of 2010.

Concho Resources is an independent oil and gas company with an interest in the acquisition, exploration and development of natural gas properties. Their resources lie mainly in the Permian Basin of southeast New Mexico and west Texas. The Permian Basin is the largest onshore oil and gas basin in the United States.

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