Concho Resources
Concho Resources is an independent oil and natural gas company that acquires, develops, and explores oil and natural gas properties.
Business Model:
Revenue: $0
Employees: 1,001-5,000
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Detailed Concho Resources Information
Concho Resources was acquired by
ConocoPhillips.
The acquisition happend on 2020-10-19.
Details of the transaction were not public
Acquirer
Geographic Data
Address:
City: Midland
State: Texas
Zip:
Country: United States
Financial Info
Stage:
Raised Last:
$0
Raised Total:$0
Social
Metrics
0Website Global Rank
0Website Monthly Traffic
Twitter Followers
Description
Concho Resources is an independent oil and natural gas company that acquires, develops, and explores oil and natural gas properties. The company delivers production growth from continuing operations of 20% and year-over-year crude oil growth of 25%. Concho nearly doubles its drilling locations, identifying approximately 22,000 locations at year-end. Concho produces 33.6 million barrels of oil equivalent with a capital budget of approximately $1.8 billion. Concho acquires the assets of Three Rivers Operating Company for approximately $1 billion, significantly adding to the Company’s positions in the core northern Delaware Basin play, the Midland Basin Wolfberry play, and the emerging southern Midland Basin horizontal Wolfcamp play. Concho partially funds the acquisition with a $520 million divestiture of non-core Permian Basin assets. It produces 29.8 million barrels of oil equivalent with a capital budget of approximately $1.5 billion. It was launched in Midland, Texas in 2004.
Contact Phone:
Contact Email:
Concho Resources went public on 8/10/2007 on the NYSE
Listed Exchange:
NYSE
IPO Date:
8/10/2007
IPO Valuation:
$833M
Ticker Symbol:
CXO
IPO Price:
$11.5/share
Amount Raised:
$240M
Live
Opened: -/share
| EBITDA | - |
| Total Cash | - |
| Total Debt | - |
| Total Revenue | - |
| Total Profit (Gross) | - |
| PE Ratio | - |
| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors |
|---|
| Announced Date | Name | Price |
|---|---|---|
| 3/2018 | RSP Permian |
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