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Concho Resources Announces Resignation of W. Howard Keenan, Jr. from Its Board of Directors

  Concho Resources Announces Resignation of W. Howard Keenan, Jr. from Its
  Board of Directors

Business Wire

MIDLAND, Texas -- October 25, 2013

Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced
that W. Howard Keenan, Jr., a member of the Company’s Board of Directors
("Board") since its formation, has resigned from the Board and all its
committees. The Company intends to confer the honorary title of “Founding
Director” on Mr. Keenan in recognition of his service and contributions to the
Company.

Timothy A. Leach, the Company’s Chairman, Chief Executive Officer and
President, commented, “I would like to thank Howard personally and on behalf
of Concho for his long-standing service to our company. Howard helped build
and guide Concho from its infancy into a large, widely-held public company and
for that we are immensely grateful.”

W. Howard Keenan, Jr. commented, “Concho has been one of my proudest
professional accomplishments and one of Yorktown Energy Partners’ most
successful investments. While I greatly enjoy my involvement with the Company,
the level of business activity at Yorktown and its portfolio companies makes
this the right time to step away from Concho. I have been and remain an
enthusiastic and supportive Concho stockholder.”

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.

Contact:

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