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Press release from Business Wire

Concho Resources Announces Appointment of Gary Merriman to Its Board of Directors

Wednesday, January 11, 2012

Concho Resources Announces Appointment of Gary Merriman to Its Board of Directors17:30 EST Wednesday, January 11, 2012 MIDLAND, Texas (Business Wire) -- Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has expanded the size of its Board of Directors from eight to nine directors and has appointed Gary A. Merriman to fill the newly-created vacancy. Mr. Merriman will serve on the Company's Compensation Committee and Reserves Committee. Mr. Merriman began his career at Conoco Inc. in 1976 and held various engineering and supervisory positions of increasing responsibility throughout his career at Conoco, including as a production superintendent in West Texas, President of Conoco Indonesia Inc. and General Manager of Conoco's Rockies business unit. Mr. Merriman ultimately retired in 2002 as the President of Exploration and Production, Americas, where he was responsible for Conoco's operation in the U.S. and South America. Previously, Mr. Merriman served as a director of KCS Energy from April 2005 to July 2006 and a director of Petrohawk Energy from July 2006 to August 2011. Mr. Merriman earned a bachelor's degree in petroleum engineering from Marietta College and a master's degree in management from the Massachusetts Institute of Technology. Tim Leach, Chairman of the Board, Chief Executive Officer and President, commented, “Gary's extensive operational, engineering and management background will be of great benefit as Concho continues its growth. We are pleased to have Gary join the Company's Board of Directors.” About Concho Resources Inc. Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are focused in the Permian Basin of Southeast New Mexico and West Texas. For more information, visit Concho's website at www.concho.com. Concho Resources Inc.Toffee McAlister, 432-683-7443Director, Investor Relations & Corporate Communications