Concho Resources $9.5 billion acquisition of RSP Permian

Overview:

• Concho Resources has acquired RSP Permian in a $9.5 billion deal. 
• The deal is the largest ever in the Permian Basin. 
• Morgan Stanley acted as exclusive financial adviser to Concho and Tudor Pickering Holt & Co served as exclusive financial adviser for RSP. 
• The transaction is expected to close in the third quarter of 2018. 

Kurt Stumpo - Journalist