The Midland Basin is a legacy area for Concho that was historically developed through vertical wells. Today, Concho is developing our highly contiguous Midland Basin position using horizontal drilling, multi-well project development and advanced completion techniques. This allows us to maximize rate of return, gain further efficiencies and optimize resource recovery.
Concho has consolidated core acreage in the Midland Basin to create a scalable platform for efficient multi-well project development. Today, our Midland Basin portfolio spans 320,000 gross acres. Since 2016, Concho has built a 120,000 gross acre super block in the core of the northern Midland Basin through a series of strategic acquisitions and asset trades beginning in 2016.