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Private company

Concho Resources

Logo: concho.com5

Defunct U.S. energy company

Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips. As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13×109 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2006Founded1
  • Industrypetroleum industry1
  • HeadquartersMidland1
  • Websitewww.concho.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address600 W. Illinois Avenue, Midland, Tx 797016
  • Filer categoryLarge accelerated filer6
  • LEISYHS7HRDXLL4I0IQ87764
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 40948444

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Concho Resources image from its website
Image: concho.com5

Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.3

Corporate structure

Concho Resources is part of a group headed by ConocoPhillips. 72 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • ConocoPhillips Houston, Texas, United States
    • ConocoPhillips Skandinavia 100% · Tananger, Norway
    • Concho Resources Midland, Texas, United States
    • ConocoPhillips Alaska Anchorage, Alaska, United States
    • ConocoPhillips (Canada) Subsidiary · Calgary, Canada
    • Phillips Petroleum Company Subsidiary · Bartlesville
    • Bosque Oil Company LLC Subsidiary · Delaware, United States
    • BROG LP LLC Subsidiary · Delaware, United States
    • Burlington Resources LLC Subsidiary · Delaware, United States
    • Burlington Resources Oil & Gas Company LP Subsidiary · Delaware, United States
    • Burlington Resources Trading LLC Subsidiary · Delaware, United States
    • COG Acreage LP Subsidiary · Texas, United States
    • COG Operating LLC Subsidiary · Delaware, United States
    • COG Production LLC Subsidiary · Texas, United States
    • COG Realty LLC Subsidiary · Texas, United States
    • Conoco Funding Company Subsidiary · Nova Scotia, Canada
    • Conoco Petroleum Operations Inc. Subsidiary · Houston, Texas, United States
    • CONOCOPHILLIPS (U.K.) HOLDINGS LIMITED Subsidiary · London, United Kingdom
      • CONOCOPHILLIPS TREASURY LIMITED Subsidiary · London, United Kingdom
    • CONOCOPHILLIPS (U.K.) MARKETING AND TRADING LIMITED Subsidiary · London, United Kingdom
    • ConocoPhillips Alaska II, Inc. Subsidiary · Delaware, United States
    • ConocoPhillips Angola 36 Ltd. Subsidiary · Cayman Islands
    • ConocoPhillips Angola 37 Ltd. Subsidiary · Cayman Islands
    • CONOCOPHILLIPS ANS MARKETING COMPANY Subsidiary · Houston, Texas, United States
    • ConocoPhillips APME Holdings S.à r.l. Subsidiary · Luxembourg
    • CONOCOPHILLIPS ARGENTINA VENTURES S R L Subsidiary · Buenos Aires, Argentina
    • CONOCOPHILLIPS ASIA VENTURES PTE. LTD. Subsidiary · Singapore, Singapore
    • and 46 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Concho Resources reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$21.3B8 Dec 31, 2019$22.3B8 Dec 31, 2018−4.4%
Finance-lease assets$16.0M8 Dec 31, 2019
Operating-lease assets (leased space)$15.0M8 Dec 31, 2019
Oil and gas properties$20.9B8 Dec 31, 2019$22.0B8 Dec 31, 2018−5.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$70.0M8 Dec 31, 2019$08 Dec 31, 2018

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.9B8 Dec 31, 2019$2.2B8 Dec 31, 2018−13.8%
Finite-lived intangibles, net$17.0M8 Dec 31, 2019$19.0M8 Dec 31, 2018−10.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.0M8 Dec 31, 2019$35.0M8 Dec 31, 2018−14.3%

The story

In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed by Timothy A. Leach. That same year, the company acquired properties from Lowe Management for $117 million.

The company became a public company via an initial public offering in 2007. On January 15, 2021, the company was acquired by ConocoPhillips.

Acquisitions

The company acquired assets from Chase Oil and formed Concho Resources Inc. in 2006. Henry Petroleum was acquired for $584 million in 2008.

In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. Two years later, the company acquired Three Rivers Operating Company for $1 billion.

The company acquired assets in the Midland Basin from Reliance Energy in October 2016 for $1.625 billion.

A month later, assets in the Delaware Basin were acquired for $430 million. In July 2018, the company acquired RSP Permian.

From Wikipedia’s article on Concho Resources, shared under CC BY-SA 4.0.7

Leadership

Who has led Concho Resources, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tim Leach2007–2021

Chair

  1. Tim Leach2007–2021

President

  1. Steven L. Beal2007–2009
  2. Tim Leach2011–2017

Chief financial officer

  1. Curt F. Kamradt2007–2008
  2. Darin G. Holderness2008–2016
  3. Brenda R. Schroer2019–2021

Chief operating officer

  1. Steven L. Beal2007–2009
  2. E. Joseph Wright2011–2018
  3. C. William Giraud2019–2021
2010201520202025
Board members and other officers (27)

Former names

  • CONCO RESOURCES INCMar 14, 2006 to Mar 14, 20066

Timeline

  1. Aug 1, 2007New chief executive Tim Leach becomes CEO9
  2. 2006Founded Founded1

SEC filer profile

How Concho Resources is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCONCHO RESOURCES INC2
  • CIK0001358071
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • Business address600 W. Illinois Avenue, Midland, TX 797012
  • Phone432-683-74432
  • Shares outstanding196,304,640 as of Oct 23, 202043
  • Public float$20.5B as of Jun 30, 20198
  • On EDGAR sinceMar 14, 20062
  • Filings1,144 in all: 4 (531), 8-K (187), SC 13G/A (76), 425 (55), 10-Q (41), 3 (38), SC 13G (25), UPLOAD (18)2
    All 44 form types

    10-K (13), 5 (13), CORRESP (13), DEF 14A (13), 424B5 (12), FWP (12), 424B2 (11), 424B4 (9), S-3ASR (9), 3/A (7), 4/A (7), ARS (6), S-1/A (6), POSASR (5), S-8 (4), S-8 POS (4), 8-K/A (3), EFFECT (3), 424B3 (2), REGDEX (2), S-1 (2), S-4/A (2), SC TO-I/A (2), 10-Q/A (1), 15-12B (1), 25-NSE (1), 424B1 (1), 8-A12B (1), CERTNYS (1), D (1), DEFA14A (1), DEFM14A (1), REGDEX/A (1), S-1MEF (1), S-4 (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2020
    Quarterly report (10-Q) Oct 27, 2020
    Proxy statement (DEF 14A) Mar 16, 2020
    Latest 8-K (8-K) Jan 15, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteConcho Resources logo
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