Concho Resources Inc., one of the top energy explorers in the oil-soaked Permian Basin beneath Texas and New Mexico, is seeking to buy Clayton Williams Energy Inc., people with knowledge of the matter said.
Concho is bidding for Clayton Williams, said the people, who declined to be identified because the matter is not public. Clayton Williams has drawn interest from other suitors and may yet decide to remain independent, raise capital or sell assets, the people said. Clayton said in October it retained Goldman Sachs Group Inc. to help it explore options including a sale.
http://www.oilandgas360.com/concho-reso ... dium=email
CXO going after Clayton Williams Energy
CXO going after Clayton Williams Energy
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group