Concho Resources Inc.
About
Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on acquiring, exploring, developing and producing oil and natural gas resources. Concho is at the forefront of applying advanced technology and large-scale development to safely and efficiently maximize resource recovery while delivering attractive, long-term economic returns. The company said it is working today to deliver a better tomorrow for its shareholders, people and communities.
Headquarters Address
One Concho Center
600 W. Illinois Avenue
Midland, TX 79701
United States
Website
www.concho.comMain Phone Number
Transactions
ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal
Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal
Spur Energy Strikes Again With $925 Million Concho Deal
Spur Energy Strikes Again With $925 Million Concho Deal
Spur Energy Strikes Again With $925 Million Concho Deal
Spur Energy Strikes Again With $925 Million Concho Deal
Concho Forms JV To Manage Produced Water Assets In Northern Delaware Basin
Concho Forms JV To Manage Produced Water Assets In Northern Delaware Basin
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New Financings
The company’s board of directors authorized the initiation of a repurchase program of up to $1.5 billion…
Priced an offering of a total of $1,600 million aggregate principal amount of senior unsecured notes,…
Concho Resources Inc. commenced a cash tender offer to purchase any and all of the outstanding 5.5%…
Priced a public offering of 9 million common shares. Underwriters received a 30-day option to purchase 1.…
Priced an upsized public offering of 7.7 million shares of common stock, with an underwriters’ option of…
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Instantly unlock over 15 years of A&D transactions and financing data.
News
ConocoPhillips’ Tim Leach: The Next Oil, Gas Breakthrough is Coming
Tim Leach, former head of Concho Resources, said the industry’s drive for innovation means “somebody's using a technique that no one's ever tried before” that will improve oil recovery rates.
ConocoPhillips Beats Estimates on Higher Prices, Output
ConocoPhillips posted a second-quarter profit on Aug. 3 that nearly doubled from the first and topped analysts’ estimates, helped by higher oil and gas prices and production.
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Aug. 2 it intended to recommend an improved buyout offer from Santos Ltd., worth AU$8.4 billion (US$6.2 billion), in a deal that would create a top-20 global oil and gas company.
Oil and Gas Investor A&D Trends: Welcome to 2020
In one frame, bankruptcies continued to unravel debt-laden E&Ps. Opposite that, massive megadeals fused together oil and gas companies into Permian Basin behemoths.
Forty Under 40: Megan Hays, Concho Resources
Today’s featured Forty Under 40 honoree is Megan P. Hays, vice president of investor relations and public affairs at Concho Resources who pioneered the Permian Basin-focused operator’s sustainability strategy.
Solaris Midstream Begins Operations at New Mexico Water Plant
Solaris Water Midstream LLC has commenced operations at its newest large-scale water reuse complex in New Mexico—the Eddy State Complex—on Oct. 27.
ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.
ConocoPhillips Reportedly in Talks to Buy Shale Producer Concho Resources
ConocoPhillips and Concho Resources may announce a deal in a few weeks, a report said, adding that no final decision has been made and talks could fall through.
Concho Resources Eyes Efficiency Gains in Permian Basin
Simultaneous fracs are among the methods being discussed by some U.S. shale players to drill and complete wells faster and more efficiently.
US Shale Producers Pioneer, Devon Considering Variable Dividend
Shale firms are searching for a way to reward shareholders after years of poor financial returns, and Pioneer CEO Scott Sheffield said it is trying to carve out a new model for a volatile industry that is out of favor with investors.
Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal
In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.
Shale Producer Concho Resources Second-quarter Loss Widens
Midland, Texas-based Concho Resources' net loss widened to $435 million, or $2.23 per share, in the second quarter ended June 30, from $97 million, or 48 cents per share, a year earlier.
E&P Capital Market Trends: Dwindling Debt Options
Debt markets are bifurcated, with questions arising over E&Ps’ ability to pay upcoming maturities.
Permian Shale Producer Concho Resources Takes $12.6 Billion Charge
Concho Resources reported a bigger first-quarter loss, hurt by a $12.6 billion impairment charge and the oil producer said it would further cut its annual spending following the rout in oil prices.
Report: Oil Industry Wasn’t Digitally Prepared for Crisis
Only 13% of oil and gas industry leaders believe that they are adopting new technologies fast enough to succeed, a recent report says.