We find a similar story at Permian Basin-focused Concho Resources. After spending the past couple of years getting costs down, optimizing its drilling operations, and high grading its portfolio, Conoco Resources is ready to restart its production growth engine next year. In fact, Concho expected to deliver 20% compound annual production growth through 2019 while living within cash flow. However, if oil continues to rebound, then Concho could grow at a higher rate given that it has thousands of low-cost drilling locations in the Permian Basin.