Out Fox The $treet

After a couple of years testing wells and developing infrastructure in the Permian Basin, Laredo Petroleum ( NYSE: LPI     ) now appears set up for fast growth driven by a couple of prime catalysts. The Permian Basin is quickly becoming a favorite investment area with Concho Resources ( NYSE: CXO     ) and Pioneer Natural Resources  ( NYSE: PXD     ) grabbing investor attention. The basin is located in west Texas and southeastern New Mexico and provides some infrastructure benefits over other new shale plays. Investors are starting to realize the massive resource potential with the realization of the stacked zones in the play after years of successfully drilling vertical wells. Read the full article here . Disclosure: Long LPI. Please review the disclaimer page for more details. 

As the Permian Basin gains attention, investors need to become more acquainted with Concho Resources ( NYSE: CXO     ) . The company is a leading pure-play operator in the basin, producing over 20% production growth and generating solid profits. While the company's stock has surged recently, it is cheap compared to fellow Permian operator Pioneer Natural Resources ( NYSE: PXD     ) . It also offers an important lesson to investors focused on the attention-grabbing companies such as SandRidge Energy ( NYSE: SD     ) . While SandRidge Energy was busy making deals for assets, Concho Resources quietly built up a solid acreage position and is now reaping the rewards of strong production growth. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details.