Concho Resources Appoints John Surma to Board of Directors and Names Jack Harper Executive Vice President

  Concho Resources Appoints John Surma to Board of Directors and Names Jack
  Harper Executive Vice President

Business Wire

MIDLAND, Texas -- March 21, 2014

Concho Resources Inc. (NYSE: CXO) (the “Company”) today announced that John
Surma has been appointed to the Company’s Board of Directors and that Jack
Harper has rejoined the Company as Executive Vice President.

Mr. Surma joins the Company’s Board of Directors after recently retiring as
Chairman and Chief Executive Officer of United States Steel Corporation. Mr.
Surma will serve on the Company’s Audit Committee and Reserves Committee. He
is currently a member of the boards of directors of Marathon Petroleum
Corporation, Ingersoll-Rand plc and MPLX GP LLC, the general partner of MPLX
LP. Additionally, Mr. Surma is on the boards of directors of the Federal
Reserve Bank of Cleveland and the National Safety Council. He was appointed by
President Barack Obama to the President’s Advisory Committee for Trade Policy
and Negotiations and serves as its vice chairman. Prior to joining United
States Steel, Mr. Surma served in several executive positions with Marathon
Petroleum Corporation and as a Partner with Price Waterhouse LLP. Mr. Surma
earned a Bachelor of Science degree in accounting from Pennsylvania State
University.

Mr. Harper served as the Company’s Senior Vice President and Chief of Staff
from November 2010 to January 2013. Mr. Harper joined the Company in July 2006
as Director of Investor Relations and Business Development and became Vice
President — Business Development and Capital Markets in October 2007. Prior to
joining the Company, Mr. Harper served in various capacities relating to
finance, investor relations and business development at Unocal Corporation,
Pure Resources, Inc. and Tom Brown, Inc. He is a graduate of Baylor University
with a Bachelor of Business Administration degree in Finance.

Tim Leach, Chairman of the Board of Directors, Chief Executive Officer and
President, commented, “Jack was a key part of Concho’s growth from our initial
public offering in 2007 through 2013. We are proud he’s once again an integral
member of our team bringing his financial expertise and strategic insight to
the management of the Company’s business. Additionally, John Surma’s broad
experience successfully running large, sophisticated energy and industrial
companies will facilitate him being a strong contributor to our Board of
Directors. With these additions, I am even more enthusiastic about Concho’s
positioning and look forward to working with both Jack and John as we embark
on the next phase of the Company’s growth.”

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
Resources Inc.’s website at www.concho.com.

Contact:

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