SOURCE: Equity Markets Inc

July 22, 2011 09:00 ET

World Events Shape Oil & Gas Landscape - Research Report on Concho Resources Inc. and Cimarex Energy Co.

MACAU--(Marketwire - Jul 22, 2011) - Today, announced its research report highlighting Concho Resources Inc. (NYSE: CXO) and Cimarex Energy Co. (NYSE: XEC). Full content and research is available at

With recent world events directly affecting the crude oil exports, the trend for this industry remains upward. Equity values of U.S.-based supermajor oil & gas companies are estimated to rise alongside forecasts for improved global economic growth and crude oil prices. S&P believes global GDP expanded 4.1% in 2010 and will grow 3.5% in 2011 and 4.0% in 2012. It is believed that with the continued merger and acquisition activity, notably in North America and other frontier regions, the continuation of drilling in several Countries is likely to increase. An example of this being the growing volumes of Canadian oil imports, as well as greater takeaway capacity from the Rockies.

Equity Markets has reviewed Concho Resources Inc. for its focus on 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 full research report on Concho Resources Inc. (NYSE: CXO) is available here:

Equity Markets is covering Cimarex Energy Co. as an independent oil and gas exploration and production company. Its operations are located in Texas, Oklahoma, New Mexico, Kansas and Wyoming. As of December 31, 2010, proved oil and gas reserves totaled 1.5 trillion cubic feet equivalent, consisting of 1.9 trillion cubic feet, consisting of 1.3 trillion cubic feet of gas and 105 million barrels of oil and natural gas liquids. The full research report on Cimarex Energy Co. (NYSE: XEC) is available here:

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