Concho Resources - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

Concho Resources M&A Summary

Concho Resources has acquired 6 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

Concho Resources’ largest acquisition to date was in 2018, when it acquired RSP Permian for $9.5B. Concho Resources has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Concho Resources Ownership

Who owns Concho Resources?

Concho Resources is owned by ConocoPhillips. It was acquired on October 19, 2020.

Concho Resources Business Overview

Where is Concho Resources headquartered?

Concho Resources is headquartered in Midland, Texas.

What is Concho Resources’ revenue?

Concho Resources disclosed revenue of 4,592M USD for 2019 and 4,151M USD for 2018.

What sector is Concho Resources in?

Concho Resources is an oil/gas exploration company.

When was Concho Resources founded?

Concho Resources was founded in 2006.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 6

Concho Resources, Inc.

One Concho Center, 600 West Illinois Avenue,
Midland, Texas 79701
United States,
(432) 683-7443
www.concho.com

Concho Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. Concho Resources was founded in 2006 and is based in Midland, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $10.5B $10.5B
Sell (0.2/yr) # 1 - - - 1 - 2
  7

Most Recent M&A

Company Date Value Type
Frontier Midstream Solutions IV LLC 2023-03-01 - Unknown
Tulsa, Oklahoma
Frontier Midstream Solutions IV LLC 2019-04-15 - Joint Venture
Tulsa, Oklahoma
Concho Resources, Inc. - Produced Water Assets 2019-01-03 - Divestiture
Midland, Texas
RSP Permian, Inc. 2018-03-28 9.5B USD Add-on Acquisition
Dallas, Texas · www.rsppermian.com
Three Rivers Operating Co. LLC 2012-05-13 1.0B USD Add-on Acquisition
Austin, Texas · www.3rnr.com
Acreage in The Delaware Basin 2011-11-18 - Add-on Acquisition
, Texas
Henry Petroleum LP 2008-07-31 - Add-on Acquisition
Midland, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 5 (100%) 10.5B (100%) 1 (50%) -
Energy Services and Equipment - - 1 (50%) -
Total 5 $10.5B 2 -

By Geo

State/Country Buy Value Sell Value
United States 5 10.5B 2 -
  Texas 4 10.5B 1 -
  Oklahoma 1 - 1 -
Total 5 $10.5B 2 -

Top M&A Advisors

Financial Deals
BMO Capital Markets
 1
Morgan Stanley
 1
J.P. Morgan Securities
 1
Legal Deals
Sullivan & Cromwell
 1
Vinson & Elkins
 1
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
> $1B 2 $10.5B
TOTAL $10.5B
Largest RSP Permian, Inc.
$9.5B (2018-03-28)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

4,592   11% 2019
4,151   61% 2018
2,586   59% 2017
1,635   10% 2016
1,804   33% 2015
2,660   15% 2014
2,319   28% 2013
1,819   2012
(millions of USD) Show More Show Less

Established

2006

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