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FILE - This Feb. 17, 2016, file photo shows a water pool attached to Robinson Drilling rig #4 in Midland County, Texas. Concho Resources Inc., a Texas-based oil and gas company, has reached a $430 million deal that will clear the way for more production in southeastern New Mexico, providing a glimmer of hope as state officials look to rebound from depressed energy prices that have crippled government spending (James Durbin/Midland Reporter-Telegram via AP, File)

FILE - This Feb. 17, 2016, file photo shows a water pool attached to Robinson Drilling rig #4 in Midland County, Texas. Concho Resources Inc., a Texas-based oil and gas company, has reached a $430 million deal that will clear the way for more production in southeastern New Mexico, providing a glimmer of hope as state officials look to rebound from depressed energy prices that have crippled government spending (James Durbin/Midland Reporter-Telegram via AP, File)

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