Concho Resources (NYSE: CXO), for example, spent about $ 2.5 billion
on acreage acquisitions last year, while Parsley Energy (NYSE: PE) completed a slew of deals over the past year, the largest being a $ 2.7 billion transaction.
Finally, Concho Resources (NYSE: CXO) has quietly built up an extensive position in the Permian via a series of
acreage acquisitions and is currently the largest pure - play
on the Permian.