Concho Resources gets borrowing base increase to $1.2 billion

By Sara Rosenberg

New York, April 29 - Concho Resources Inc.'s credit facility borrowing base was increased to $1.2 billion from $955.9 million, according to a news release.

Pro forma for the effect of the increased borrowing base, the company would have had about $870 million available under its credit facility at March 31.

Concho is a Midland, Texas-based oil and natural gas company.

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