Concho Resources was created when Concho Equity Holdings Corp. joined with a portion of the oil and natural gas properties owned by Chase Oil Corporation in New Mexico in 2006.
Concho Equity Holdings had been formed in 2004 as a holding company for oil and natural gas properties acquired from Lowe Partners, LP.
Today the company explores, develops and produces oil and natural gas in the Permian Basin in Texas and New Mexico. Concho has 604,370 net acres with 502.9 million barrels of proved reserves, most of which is crude oil.
Concho Resources trades publicly on the New York Stock Exchange under the ticker symbol CXO, is #881 in the Fortune 1000, has 1,022 employees, and had $2.66 billion in revenue in 2014.
Concho ResourcesConcho Resources was created when Concho Equity Holdings Corp. joined with a portion of the oil and natural gas properties owned by Chase Oil Corporation in New Mexico in 2006.
Concho Equity Holdings had been formed in 2004 as a holding company for oil and natural gas properties acquired from Lowe Partners, LP.
Today the company explores, develops and produces oil and natural gas in the Permian Basin in Texas and New Mexico. Concho has 604,370 net acres with 502.9 million barrels of proved reserves, most of which is crude oil.
History
Concho Resources trades publicly on the New York Stock Exchange under the ticker symbol CXO, is #881 in the Fortune 1000, has 1,022 employees, and had $2.66 billion in revenue in 2014.