Concho stock distributed
August 15, 2009 7:37 PM
Yorktown Energy Partners V and VI has announced it has distributed nearly all of its shares in Midland-based Concho Resources to Yorktown’s partners, according to a Concho news release.
By divesting the 3.2 million shares, Yorktown completes a series of distributions over the last several quarters. Yorktown had owned about four percent of Concho’s common stock.
Concho is an independent oil and natural gas company focused on the Permian Basin and Southeastern New Mexico.
