Concho Resources Inc. Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2019. For the quarter, the company reported net oil production volumes of 18,940 MBbl compared to 16,979 MBbl a year ago. Net natural gas production volumes of 68,411 MMcf compared to 56,348 MMcf a year ago. Total production volumes of 30,342 MBoe compared to 26,370 MBoe a year ago. Total average daily oil production volumes were 205,870 bbl compared to 184,554 bbl a year ago. Total average daily natural gas production volumes were 743,598 mcf compared to 612,478 mcf a year ago. Total average daily production volumes were 329,803 Boe compared to 286,634 Boe a year ago.

For the nine months, the company reported net oil production volumes of 56,602 MBbl compared to 42,947 MBbl a year ago. Net natural gas production volumes of 199,284 MMcf compared to 148,633 MMcf a year ago. Total production volumes of 89,816 MBoe compared to 67,719 MBoe a year ago. Total average daily oil production volumes were 207,333 bbl compared to 157,315 bbl a year ago. Total average daily natural gas production volumes were 729,978 mcf compared to 544,443 mcf a year ago. Total average daily production volumes were 328,996 Boe compared to 248,056 Boe a year ago.

For the fourth-quarter 2019 production is expected to be 318 MBoepd to 325 MBoepd (64% oil), which reflects the impact of the Company's planned New Mexico Shelf sale. Excluding the impact of the planned asset sale, fourth-quarter 2019 production is expected to be 334 MBoepd to 341 MBoepd (64% oil).

For the third quarter, the company reported impairments of long-lived assets $101,000.