Concho Resources Inc. · Midland, TX United States ·(NYSE: CXO)
Company Description
Phone: 432-683-7443
Fax: 432-683-7441
View Concho Resources Inc. Locations On A US Map
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This link will open in a new window Concho Resources explores and develops properties, located primarily in the Permian Basin region of eastern New Mexico and West Texas, for the production of oil and gas. It also owns properties in North Dakota and Arkansas. More than half of the company's 550 billion cu. ft. in proved reserves is made up of crude oil, while the rest consists of natural gas. Concho Resources gets two-thirds of its sales from crude oil. Two customers, energy marketers Navajo Refining Company (60% of 2007 sales) and DCP Midstream (23%), account for a great majority of Concho's sales. The company has more than 85 producing wells in operation. In 2008 it spent $585 million to buy Henry Petroleum. To read the full description, subscribe now.
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Key Concho Resources Inc. Financials
| Company Type | Public - NYSE: CXO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $533.8 |
| 2008 Employees | 245 |
Concho Resources Inc. Executives
12 executives listed for Concho Resources Inc.'s Midland, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Timothy Leach | Network |
| VP, CFO, and Treasurer | Darin Holderness | Network |
| VP Business Development and Capital Markets | Jack Harper | Network |
Competition
Competitive Landscape for Concho Resources Inc.
Demand for natural gas depends partly on the health of the US economy and partly on the price of crude oil, a competitive product. The profitability of natural gas companies depends largely on the efficiency of their operations. There are large economies of scale in the production, processing, and distribution of gas, but small companies can effectively compete with large ones in exploration, where technical ability is more important than size. To read the full description, subscribe now.Top Concho Resources Inc. Competitors
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