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According to foreign media reports, Concho Resources Inc.
, which focuses on shale oil and gas drilling operations in the Permian Basin, recently completed the acquisition of RSP Permian Inc.
, a US oil and gas company, becoming the largest unconventional shale producer
in the Permian Basin.
Tim Leach, Chairman and Chief Executive Officer of Concure Resources, said in a company statement, "We are pleased to complete this transaction and welcome RSP Permian Inc.
to Concoe Resources
.
”
Leach added: "By merging two large companies focused on the highest quality resources in the Permian Basin, we will create a compelling business
with the scale and technical expertise needed to compete globally.
" ”
"The transition to large-scale development has been one of
our most important business and strategic priorities," Leach said.
”
Pursuant to the terms of the merger, RSP Permian Inc.
's common stock per share was converted into 0.
32 shares
of common stock of Comfort Resources Corporation.
As a result, Conshire Resources expects to issue approximately 51 million shares of common stock
in connection with the merger.
According to foreign media reports, Concho Resources Inc.
, which focuses on shale oil and gas drilling operations in the Permian Basin, recently completed the acquisition of RSP Permian Inc.
, a US oil and gas company, becoming the largest unconventional shale producer
in the Permian Basin.
Tim Leach, Chairman and Chief Executive Officer of Concure Resources, said in a company statement, "We are pleased to complete this transaction and welcome RSP Permian Inc.
to Concoe Resources
.
”
Leach added: "By merging two large companies focused on the highest quality resources in the Permian Basin, we will create a compelling business
with the scale and technical expertise needed to compete globally.
" ”
"The transition to large-scale development has been one of
our most important business and strategic priorities," Leach said.
”
Pursuant to the terms of the merger, RSP Permian Inc.
's common stock per share was converted into 0.
32 shares
of common stock of Comfort Resources Corporation.
As a result, Conshire Resources expects to issue approximately 51 million shares of common stock
in connection with the merger.
