SOURCE: World Street Fundamentals

June 30, 2011 09:00 ET

Barrels of Green - Equity Research on Concho Resources Inc. and Pioneer Natural Resources Company

HONG KONG--(Marketwire - Jun 30, 2011) - Today, released its industry report highlighting Concho Resources Inc. (NYSE: CXO) and Pioneer Natural Resources Company (NYSE: PXD). Full fundamental and technical analysis is available at

With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to trend upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.

World Street Fundamentals has highlighted Concho Resources Inc. as an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's core operating areas are located in the Permian Basin region of Southeast New Mexico and West Texas, an onshore oil and natural gas basin in the United States. The Permian Basin is an oil and natural gas producing region in the United States. The entire report on Concho Resources Inc. (NYSE: CXO) is available here:

World Street has highlighted Pioneer Natural Resources Company as an independent oil and gas exploration and production company with existing operations in the United States and South Africa. It explores, develops and produces oil and gas reserves. Its asset base is anchored by the Spraberry oil field located in West Texas, the Raton gas field located in southern Colorado, the Hugoton gas field located in southwest Kansas and the West Panhandle gas field located in the Texas Panhandle. The entire report on Pioneer Natural Resources Company (NYSE: PXD) is available here:

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