Concho Resources Mergers and Acquisitions Summary

Oil/gas Exploration Company

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

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%).

Join Mergr and gain access to Concho Resources’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • 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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 3 - 1 1 - - 5
vol $1.0B $9.5B $10.5B
Sell (0.2/yr) # - - - 1 - - 1
  6

Most Recent M&A

Company Date Value Type
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%) - -
Energy Services and Equipment - - 1 (100%) -
Total 5 $10.5B 1 -

By Geo

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

Top M&A Advisors

Financial Deals
Morgan Stanley
1
J.P. Morgan Securities LLC
1
BMO Capital Markets
1
Legal Deals
Gibson, Dunn & Crutcher LLP
1
Sullivan & Cromwell LLP
1
Vinson & Elkins LLP
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)
100%
1 (100%)

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