Concho shells out $1.66bn for Marbob

Heading west: New Mexico

US explorer Concho Resources is set to boost its presence in the New Mexico sector of the Permian basin after agreeing to buy privately-held Marbob Energy for about $1.66 billion in cash and securities.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?