Concho Resources (CXO)

[dan_s]

Concho Resources, Frontier Midstream Sell Alpha Crude Connector System to Plains All American Pipeline for $1.215 Billion

Net Proceeds to Concho of Approximately $800 Million

Concho Resources Inc. (ticker: CXO) and Frontier Midstream Solutions, LLC have entered into separate agreements to sell 100% of their respective ownership interests of Alpha Holding Company, LLC, the owner of the Alpha Crude Connector system to Plains All American Pipeline, L.P. (ticker: PAA) for a combined total of $1.215 billion.

http://www.oilandgas360.com/concho-reso ... 5-billion/