Concho Resources cuts 2015 spending by one-third
January 05, 2015 at 17:45 PM EST
HOUSTON, Jan 5 (Reuters) - Concho Resources Inc, a U.S. oil and gas company that drills in the Permian Basin, on Monday said its capital spending will total $2 billion this year, down 33 percent from a forecast made in November when crude oil prices were much higher.
