Davis Polk is advising Morgan Stanley & Co. LLC as financial adviser to Concho Resources Inc. on its approximately $9.5 billion acquisition of RSP Permian, Inc. The transaction, which is expected to be completed in the third quarter of 2018, is subject to the approval of shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.

Concho is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties in the Permian Basin of southeast New Mexico and west Texas. RSP Permian is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of west Texas.

The Davis Polk corporate team includes partner Lee Hochbaum and associate Jason P. Thompson. All members of the Davis Polk team are based in the New York office.

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