Robert Dougherty Mentioned in The Deal on Silver Hill

“Concho Resources strikes three deals to improve properties, cut debt”

Concho Resources Inc. (CXO) late on Monday, Jan. 18, revealed deals with private equity-backed Silver Hill Energy Partners II LLC, Clayton Williams Energy Inc. (CWEI) and others to enhance its position in West Texas’ southern Delaware Basin and cut debt.

Concho said it has agreed to buy 12,000 net acres that complement its North Harpoon prospect in Ward and Reeves counties from an unnamed private operator for $360 million, including 2.2 million shares of Concho stock, $150 million in cash and $40 million to carry part of the seller’s future drilling costs.

Thompson & Knight LLP’s Arthur Wright and Robert Dougherty represented Silver Hill.