In addition, the company has purchased additional non-operated rights and interests in certain Henry properties from persons affiliated with Henry for approximately $28 million.
After the closing of the Henry transaction and additional interests, the company has approximately $300 million of availability under its senior credit facility.
The acquisition was funded with borrowings under the company’s newly amended and restated senior credit facility and with proceeds from its previously-announced $250 million private placement of 8.3 million shares of Concho common stock.
