The story
In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed by Timothy A. Leach. That same year, the company acquired properties from Lowe Management for $117 million.
The company became a public company via an initial public offering in 2007. On January 15, 2021, the company was acquired by ConocoPhillips.
Acquisitions
The company acquired assets from Chase Oil and formed Concho Resources Inc. in 2006. Henry Petroleum was acquired for $584 million in 2008.
In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. Two years later, the company acquired Three Rivers Operating Company for $1 billion.
The company acquired assets in the Midland Basin from Reliance Energy in October 2016 for $1.625 billion.
A month later, assets in the Delaware Basin were acquired for $430 million. In July 2018, the company acquired RSP Permian.
From Wikipedia’s article on Concho Resources, shared under CC BY-SA 4.0.6