Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin.

[1] In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed by Timothy A. Leach.

In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc.

[3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion.

[5][6] In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion.