Concho Resources

Concho Resources

Concho Resources Careers, Pay and Expert Network

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Concho Resources Inc. is a company engaged in hydrocarbon exploration, incorporated & organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin., As of December 31, 2019, the company had 1,002 million barrels of oil equivalent of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas. Of these reserves, 55% were in the Delaware Basin and 45% were in the Midland Basin., In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed Timothy A. Leach., Also in 2004, the company acquired properties from Lowe Management for $117 million., In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc., In 2007, the company became a public company via an initial public offering., In 2008, the company acquired Henry Petroleum for $584 million., In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion., In 2012, the company acquired Three Rivers Operating Company for $1 billion., In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion., In November 2016, the company acquired assets in the Delaware Basin for $430 million., In July 2018, the company acquired RSP Permian.

Snapshot

Employees1,453
IndustryEnergy
Market Cap$9.3 billion
Revenue$4.5 billion
5 Year Trend+26.3%
Net Income-$237 million
NYSECXO
Annual Report
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Total value of jobs:
$395,000
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Total Jobs:
1
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Average Pay:
$98,750
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Total Experts:
1
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% Masters:
30%

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