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Press release from Business Wire

Concho Resources Expands Management Team

Wednesday, May 15, 2013

Concho Resources Expands Management Team

18:00 EDT Wednesday, May 15, 2013

MIDLAND, Texas (Business Wire) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it has appointed Will Giraud as the Company's Senior Vice President and Chief Commercial Officer. In this new position, Mr. Giraud is responsible for the Company's business development, legal, government relations and other administrative functions. Mr. Giraud previously served as the Company's Senior Vice President and General Counsel.

In addition, the Company has appointed Travis Counts as its Vice President and General Counsel. Prior to joining Concho, Mr. Counts served in the legal departments of several public upstream energy companies, including his most recent position as Vice President—Legal and Deputy General Counsel of Halcon Resources Corporation.

Tim Leach, Concho's Chairman, CEO and President, commented, "Will has been a key member of Concho's management team since joining us in 2009 and I look forward to him playing a greater role in the Company's business in this new position. In addition, I'm thrilled to have someone of Travis's caliber join our Company. I look forward to working with Will, Travis and the rest of our team to continue building upon the momentum we have established over the last few years.”

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.
Price Moncrief, 432-683-7443
Vice President of Capital Markets and Strategy

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