In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed by Timothy A. Leach. Also in 2004, the company acquired properties from Lowe Management for $117million. From that point in time, the following events took place: • In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. • In 2007, the company became a
public company via an
initial public offering. • In 2008, the company acquired Henry Petroleum for $584million. • In 2010, the company acquired assets in the
Permian Basin from Marbob Energy Corporation for $1.65billion. • In 2012, the company acquired Three Rivers Operating Company for $1billion. • In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625billion. • In November 2016, the company acquired assets in the Delaware Basin for $430million. • In July 2018, the company acquired RSP Permian. • On January 15, 2021, the company was acquired by
ConocoPhillips.{{Cite press release | url=https://www.businesswire.com/news/home/20210115005464/en/ConocoPhillips-Completes-Acquisition-of-Concho-Resources ==References==