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On the Record · Concho Resources

Concho Resources acquisitions, on the record

The businesses Concho Resources bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Reliance Energy, Inc. assets (Reliance Acquisition)
Word for word“in October 2016, we completed the Reliance Acquisition.” 10-K for 2017
acquisitionOctober 2016—
Southern Delaware Basin interest from a third-party seller (80 percent)
Word for word“in March 2016, we completed an acquisition of 80 percent of a third-party seller’s interest in certain oil and natural gas properties and related assets in the Southern Delaware Basin.” 10-K for 2017
acquisitionMarch 2016—
Northern Delaware Basin assets
Word for word“in February 2016, we sold certain assets in the Northern Delaware Basin for proceeds of approximately $292 million and recognized a pre-tax gain of approximately $110 million;” 10-K for 2017
divestitureFebruary 2016proceeds of approximately $292 million
approximately 17,600 net acres in the Northern Delaware Basin
Word for word“in January and April 2017, we closed on the two-part acquisition of approximately 17,600 net acres in the Northern Delaware Basin.” 10-K for 2017
acquisitionJanuary and April 2017—
Midland Basin acquisition
Word for word“in July 2017, we completed an acquisition in the Midland Basin.” 10-K for 2017
acquisitionJuly 2017—
two asset sales of non-core assets in Reeves and Ward Counties (Southern Delaware Basin)
Word for word“In January 2018, we closed on two asset sales transactions of certain non-core assets in Reeves and Ward Counties with combined preliminary proceeds of approximately $280 million, subject to customary post-closing adjustments.” 10-K for 2017
agreed divestitureJanuary 2018combined preliminary proceeds of approximately $280 million, subject to customary post-closing adjustments
RSP Permian, Inc. ("RSP")
Word for word“We issued approximately 51 million shares of common stock at a price of $148.27 per share, resulting in total consideration paid to the former RSP shareholders of approximately $7.5 billion.” 10-K for 2018
acquisition—approximately $7.5 billion
Delaware Basin assets
Word for word“(ii) a gain of approximately $134 million related to our Delaware Basin divestiture in January 2018 and (iii) a gain of approximately $79 million related to the contribution of certain infrastructure assets in the southern portion of our Delaware Basin to WaterBridge in December 2018.” 10-K for 2018
divestitureJanuary 2018—
Ownership interest in ACC
Word for word“In February 2017, we closed on the divestiture of our ownership interest in ACC. After adjustments for debt and working capital, we received cash proceeds from the sale of approximately $801 million.” 10-K for 2018
divestitureIn February 2017approximately $801 million
Midland Basin acquisition and divestiture (February 2018)
Word for word“(i) a gain of approximately $575 million related to our February 2018 acquisition and divestiture primarily in the Midland Basin” 10-K for 2018
acquisitionFebruary 2018—
RSP Permian, Inc.
Word for word“On July 19, 2018, we completed the acquisition of RSP Permian, Inc. (“RSP”) through an all-stock transaction (the “RSP Acquisition”).” 10-K for 2019
acquisitionJuly 19, 2018—

Deal filings since 2016

Read from Concho Resources’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.