M&A Deal Summary

Concho Resources Acquires Henry Petroleum

On July 31, 2008, Concho Resources acquired oil/gas exploration company Henry Petroleum

Acquisition Highlights
  • This is Concho Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Concho Resources’ 1st transaction in the United States.
  • This is Concho Resources’ 1st transaction in Texas.

M&A Deal Summary

Date 2008-07-31
Target Henry Petroleum
Sector Oil/Gas Exploration
Buyer(s) Concho Resources
Deal Type Add-on Acquisition

Target

Henry Petroleum

Midland, Texas, United States
Henry Petroleum LP is an oil and gas exploration and production company.

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Buyer(S) 1

Buyer

Concho Resources

Midland, Texas, United States

Category Company
Founded 2006
Sector Oil/Gas Exploration
Revenue 4.6B USD (2019)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 5
Sector: Oil/Gas Exploration M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: Texas M&A 1 of 4
Country: United States M&A 1 of 5
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-18 Acreage in The Delaware Basin

Texas, United States

The Delaware Basin comprises an oil reserve covering an area of 137,000 acres with an estimated 6 million barrels of oil equivalent proven reserves at closing and net daily production of approximately 1,500 barrels of oil equivalent per day.

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