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Press release from Business Wire

Concho Resources Announces Management Addition

Monday, July 01, 2013

Concho Resources Announces Management Addition

17:00 EDT Monday, July 01, 2013

MIDLAND, Texas (Business Wire) -- Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that it has appointed Brenda R. Schroer as the Company's Vice President and Chief Accounting Officer. Previously, Ms. Schroer was with Ernst & Young LLP since 1999, including her most recent position as Americas Oil & Gas Sector Resident within the professional practice group. She received a Bachelor of Business Administration in Accounting from West Texas A&M University, received a Master of Science in Accounting from Texas A&M University and is a certified public accountant.

Darin Holderness, Concho's Senior Vice President and Chief Financial Officer, commented, "I have always been impressed with Brenda when working with her in the past and am excited to add someone with her level of financial and accounting experience to our team."

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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