Concho Resources Inc. announced the promotion of two new officers to its management team. Mr. L. Price Moncrief, Vice President of Capital Markets and Strategy Mr. Moncrief has been employed by the company since November 2010 as the company's director of corporate development. He has over 10 years of industry and energy investment banking experience. M. Ray Peterson, Vice President of Drilling. Mr. Peterson has been employed by the company since April 2011 as the company's Drilling Manager. He has over 34 years of industry experience, including serving as CEO of two contract drilling companies.