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Global and Regional Markets

Concho Resources to acquire RSP Permian in $9.5 billion transaction

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Concho Resources and RSP Permian announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The consideration will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The transaction was unanimously approved by the board of directors of each company...

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Reliance announces sale of select assets in the Eagle Ford shale play

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Reliance Eagleford Upstream Holding, a subsidiary of both Reliance Holding USA and Reliance Industries, announced the signing of a purchase and sale agreement with Sundance Energy to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for approximate consideration of $100 million, subject to certain customary adjustments and closing terms and conditions. This transaction is in conjunction with sales made by Pioneer Natural Resources and Newpek, the other working interest owners in the joint development with Reliance...

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