The largest of Concho's core areas, our Delaware Basin position, spans 520,000 gross acres. The Delaware Basin is a large geographic area spanning the southwest corner of New Mexico and parts of west Texas.
The Delaware Basin has rapidly advanced from an exploration play to large-scale development and some of our best projects are located here. We continue to optimize lateral placement, completion techniques and well spacing to maximize recoveries and returns from the prolific multi-zone resource. We remain focused on high-grading the Delaware Basin position through asset trades to further block up acreage for drilling long-laterals and multi-well project development.