Services CEO of the Year. Tim is doing a great job with his team in the Lower 48 and on the efficiency side. Timothy Leach donated $53,800 to the Republican Party. Concho Board to expand to 11 directors, including 1 RSP director CLEAR PATH TO COMPLETION Concho Resources Inc (CXO) Q1 2019 Earnings Call Transcript After adjusting for debt and working capital, Concho expects to receive net cash proceeds from the sale of approximately $800 million. Ms. Helms joins the Company's Board of Directors after a lengthy career with the United States Air Force and NASA. Concho paid $600 million for leasehold contiguous with its Mabee Ranch at a price of about $40,000 per acre, Michael Hsu, an analyst at Jefferies LLC, said. The list of insiders at Concho Resources includes Brenda R Schroer, Gary A Merriman, Jack F Harper, Jacob Gobar, Mark B Puckett, Scott Kidwell, Steven D Gray, Steven L Beal, Susan J Helms, and Timothy A Leach.Learn more on CXO's insiders PDF Refinitiv Streetevents Edited Transcript Germany Switzerland Spain Poland Netherlands Greece France Ireland Italy Belgium Austria. DIVIDENDS Dividends - World. CONCHO RESOURCES INC - Securities Registration Statement ... In addition, he makes $12,958,500 as Chairman of the Board a Chief Executive Officer at Concho Resources Inc. Top Permian Basin producer Concho . Tim Leach | Caesar Kleberg Wildlife Research Institute Defendant Timothy A. Leach ("Leach") was, at all relevant times, Concho's Chief Executive Officer ("CEO"), and the Chairman of the Company's Board of Directors. "One was that we had grown to over 100 employees and we were uncomfortable being that large. Black Mountain Sand. Concho Pulling Back in Permian, Reducing Production and ... Canada UK Hong Kong Japan Australia New Zealand. ConocoPhillips has completed its acquisition of Concho Resources. 3 "Companies have . while focusing our portfolio on opportunities with the highest potential for strong returns," CEO Tim Leach said in a statement. CORPORATE PARTICIPANTS . Concho owns 50% of the joint venture with an option to purchase Frontier's ownership interest at a predetermined multiple of invested capital. Timothy Allen Leach: Address 2735 Racquet Club Dr, Midland ... Tim has 14 jobs listed on their profile. COG Operating LLC operates as a subsidiary of Concho Resources Inc. Based in Midland, TX, COG Operating is a key player in the energy industry with 1,503 employees and an annual revenue of $1.0B. The company was founded on February 22, 2006 and is headquartered in Midland, TX. Henry Resources - History View our latest analysis for Concho Resources . Cara Community Oilers: Concho Res - Bill Cara Previously, he led other Permian Basin focused energy companies, Singapore Taiwan Korea India Indonesia Philippines China Finland Sweden Denmark Brazil Israel Turkey. Its operations focuses on the Permian Basin region of Southeast New Mexico and West Texas. LEACH TIMOTHY A ONE CONCHO CENTER 600 W. ILLINOIS AVENUE MIDLAND, TX 79701 Jesse Wood is part of Concho's surface management team, one of the newer divisions within Concho which focuses specifically on furthering Concho's stewardship ethic and reclamation work. Tim Fischer/Reporter-Telegram Tim Fischer/Midland Reporter-Telegram Megan Hays - VP, IR & Public Affairs. Contact & Personal Details. Mr. Leach has been Chairman and Chief Executive Officer of Concho Resources Inc. since it was formed in 2004. Tim Leach is executive vice president, Lower 48, responsible for the company's Lower 48 operations comprised of positions in the Bakken, Eagle Ford and Permian. Singapore Taiwan Korea India Indonesia Philippines China Finland Sweden Denmark Brazil Israel Turkey. Photos. "This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that's critical to investors. The company recently acquired 13,000 net acres in the northern part of the . Timothy A. Leach, chairman and CEO of Midland, Texas-based Concho Resources, received the 2018 Chief Roughneck Award during the 89th annual meeting of the Independent Petroleum Association of America (IPAA). Tim Leach, Concho's Chairman, CEO and President, commented: "Our investment in ACC was intended to serve two primary objectives within our core upstream business - provide pipeline infrastructure to support our rapid crude oil growth in the northern Delaware basin and improve wellhead economics through better price realisations. The corporate savings are kind of things that happen pretty quickly, but as far as operationally in capital budget, I think that'll be more apparent . Concho owns half the venture, with an option to purchase Frontier's ownership interest. The combined 640,000 Permian acres may have up to the equivalent of 2.2 billion barrels of undiscovered oil and gas, Concho told shareholders. Concho Resources Inc. (ticker: CXO) and Frontier Midstream Solutions, LLC have entered into separate agreements to sell 100% of their respective ownership interests of Alpha Holding Company, LLC . Data derived from most recent annual or quarterly report. OWNERSHIP Funds Flow - World. Ownership data provided . Court Records. Thanks to the hard work of our team, today, Concho of the Investment Company Act of 1940 1. View Tim Leach's profile on LinkedIn, the world's largest professional community. Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. Timothy Leach is 61 years old and was born on 11/18/1959. It is based in the Energy Corridor district of Houston, Texas.. Item 9.01 Financial . (Sales figure is modelled). The Midland, Texas-based E&P plans to use sale proceeds for drilling and future acquisitions as well as to reduce its long-term debt. In addition, he makes $12,958,500 as Chairman of the Board és Chief Executive Officer at Concho Resources Inc. . Concho Resources is currently . 19. "We made the decision to adjust our drilling and completion schedule in the second half of the year to slow down and not chase incremental production at the expense of capital discipline," Concho's CEO Tim Leach told analysts on an earnings call. A copy of the Company's Earnings Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. . Furthermore, Tim Leach directly owns US$37m worth of shares in the company, implying that they are . Issuer Name and Ticker or Trading Symbol CONCHO RESOURCES INC [ CXO ] 5. . As the President of Concho Resources Inc, the total compensation of Jack Harper at Concho Resources Inc is $11,374,300. Concho Resources (ticker: CXO) Chairman of the Board, Chief Executive Officer and President Tim Leach . -Under the all-share transaction, Concho investors will receive 1.46 shares of Conoco stock for each of their own, representing a 15 per cent premium to closing share . Chairman/CEO, Concho Resources Inc. EDUCATION. "Size, scope and scale has become more important," said Concho Chief Executive Timothy Leach, who will run the combined company's U.S . 20. -one of the world's largest independent oil producers gambles on a post-pandemic market recovery with a huge bet on US shale. He is also a member of the ConocoPhillips board of directors. NEW YORK (AP) — ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field . Mr. Leach owns over 54,545 units of Concho Resources Inc stock worth over $44,470,699 and over the last 14 years he sold CXO stock worth over $35,604,215. Timothy A. Leach has been the Chairman of the Board of Directors and Chief Executive Officer of our company since its formation in February 2006. He said the company's aiming for "a free cash flow inflection in 2020." Reviews. Concho Sells Delaware Midstream For $800 Million. Cog Operating LLC has 500 total employees across all of its locations and generates $495.66 million in sales (USD). Concho Resources, Inc. engages in the acquisition, development and exploration of oil and natural gas properties. A lot of hard work and effort by . Tim Leach of Midland holds a Bachelor of Science in Petroleum Engineering from Texas A&M University (1982) and a Master of Business Administration from The University of Texas of the Permian Basin (1984). Tim Leach, Concho's Chairman, CEO and President commented, "These Wolfberry assets lie in the core of the Wolfberry trend and in the middle of our active drilling area in the play. Texas A . When it closed the RSP deal in July, Concho boosted . Statement of changes in beneficial ownership of securities 01/20/2021 3:35 PM: Concho Resources (Issuer) LEACH TIMOTHY A (Reporting) Form 4 Statement of changes in beneficial ownership of securities 01/20/2021 3:34 PM: Concho Resources (Issuer) HARPER JACK F (Reporting) Form 4 Statement of changes in beneficial ownership of securities 01/20 . Q2 2020 cash flow was $689 Million. Tim has 14 jobs listed on their profile. Concho CEO and Texas A&M Board of Regents Tim Leach speaks 10/16/17 to area Aggie Moms, and Dads, during a meeting in Midland. See the complete profile on LinkedIn and discover Tim's connections . Concho's average realized price for oil was $56.02/bbl in 2Q2019 . Concho Resources Inc. (NYSE: CXO) said Jan. 24 it's swapping its stake in a Delaware Basin midstream joint venture (JV) for cash to fund drilling and future deals. View Tim Leach's profile on LinkedIn, the world's largest professional community. Concho's common stock will be exchanged for 1.46 shares of ConocoPhillips. Michael A. Glick JP Morgan, SMid Cap E&P Equity Research . As Chairman and Chief Executive Officer at CONCHO RESOURCES INC, Timothy A. Leach made $12,958,451 in total compensation. The . OWNERSHIP Funds Flow - World Activist Investors. Employee Political . The company was founded on February 22, 2006 and is headquartered in Midland, TX. Concho CEO Tim Leach said on Wednesday that the company's investment in the . Company Description: Cog Operating LLC is located in Midland, TX, United States and is part of the Support Activities for Mining Industry. Concho Resources is an independent oil & natural gas company with operations in the Permian Basin in west Texas and southeast New Mexico. Concho Resources, Inc. (NYSE:CXO) Q1 2020 Earnings Conference Call May 1, 2020 9:00 AM ET Company Participants. Name and Address of Reporting Person * LEACH TIMOTHY A 2. Concho has agreed that, from and after October 18, 2020, Concho and its officers and directors will, will cause Concho's subsidiaries and their respective officers and directors to, and will use . S . Timothy Allen Leach: Address 2735 Racquet Club Dr, Midland, TX, Phone (432)685-xxxx. STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL OMB Number: 3235-0287 . Tim Leach, Concho's Chairman, Chief Executive Officer and President, commented, "Our investment in ACC was intended to serve two primary objectives within our core upstream business . Third, continuing to return capital to shareholders through our dividend. Arun Jayaram JP Morgan, E&P Equity Research - Executive Director. Concho retains its workers by creating a culture people want to be a part of, said Leach, noting the company also tries to maintain a good reputation and invest in the community. Tim Leach - Chairman and Chief Executive . In addition, she makes $2,931,460 as Chief Financial Officer, Senior Vice President et Treasurer at Concho Resources Inc. There are 2 executives at Concho Resources Inc getting paid more, with Timothy Leach having the highest compensation of $12,958,500. See the complete profile on LinkedIn and discover Tim's connections . Concho, whose operations are focused in the Permian Basin of Southeast New Mexico and West Texas, said its final ownership level in these acquired assets in the Wolfberry trend will be between 20 . Exec VP:Lower 48, Conocophillips Inc. Prior to joining the company, he served as chairman . The estimated Net Worth of Brenda R Schroer is at least $4.39 million dollars as of 26 October 2021. Wood says the desire to develop this division came about because of the leadership of Tim Leach, Concho's Chairman and Chief Executive Officer, and Joe . And finally, maintaining flexibility to cut further while also preserving our operational capacity." - Timothy Leach, Chairman & CEO, Concho Resources Relatives & Associates. Second, maintaining a strong balance sheet. The ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. As of December 31, 2016, Concho's net On August 2, 2017, Concho Resources Inc. (the " Company ") issued a press release announcing its financial and operating results for the three and six months ended June 30, 2017 (the " Earnings Release "). "Paula and I considered a number of factors when deciding whether to sell," Jim said. Summary. Canada UK Hong Kong Japan Australia New Zealand. CEO: Tim Leach HQs: Midland, TX. So it looks like Concho Resources compensates Tim Leach in line with the median for the industry. Tim Leach, Concho's Chairman, CEO and President commented, "These Wolfberry assets lie in the core of the Wolfberry trend and in the middle of our active drilling area in the play. Concho Resources Inc. (NYSE: CXO) said Jan. 24 it's swapping its stake in a Delaware Basin midstream joint venture (JV) for cash to fund drilling and future deals. Timothy A. Leach Concho Resources Inc.—Chairman of the Board & CEO. The Midland, Texas-based E&P plans to use sale proceeds for drilling and future acquisitions as well as to reduce its long-term debt. Over the last year, we can see that the biggest insider sale was by the Chairman of the Board & CEO, Timothy Leach, for US$6.0m worth of shares, at about US$109 per share. according to Concho. Insider Age Since Compensation; Timothy Leach (60) Chairman of the Board and Chief Executive Officer since 2017 : 60: 2017: $12,958,500: Jack Harper (48) President since 2019 : 48: 2019: $11,374,300: C. William Giraud (40) Chief Operating Officer and Executive Vice President since 2019 : 40: 2019: $10,582,800: Travis Counts (42) Senior Vice President, General Counsel, and Corporate Secretary . Concho Sells Delaware Midstream For $800 Million. The Last 12 Months Of Insider Transactions At Concho Resources. "Through this combination, we are joining a diversified energy company with even more scale and resources to create shareholder value in today's markets and beyond," said Tim Leach, chairman and CEO of Concho Resources, in a prepared statement. Leach has nearly 40 years of oil and natural gas industry experience. Concho Resources is currently . and positions the company for an inflection in free cash flow and momentum heading into 2020," said Chairman and CEO Tim Leach. . DIVIDENDS Dividends - World. Its operations include New Mexico Shelf, Delaware Basin, Midland Basin. Tim Leach - Concho Resources Inc. - Chairman of the Board & CEO Good morning, and thank you, Ryan. 18. Concho completed the sale of its ownership interests in Alpha Holding Company, LLC, the owner of the Alpha Crude Connector system ("ACC"), for $803 million . Shares in Concho and ConocoPhillips on Monday fell amid a market selloff, with Concho off 2.8% at $47.26 and ConocoPhillips down 3.2% to $32.70. Mr. Leach has been the Chairman of the Board and Chief Executive Officer of Concho Equity Holdings Corp. since its inception in April 2004. 1/2021-PRESENT. ConocoPhillips to buy rival Concho in $9.7bn deal. This information is according to proxy statements filed for the 2019 . As the Chief Operating Officer a Executive Vice President of Concho Resources Inc, the total compensation of C Giraud at Concho Resources Inc is $10,582,800. In addition, he makes $12,958,500 as Chairman of the Board and Chief Executive Officer at Concho Resources Inc. Concho Resources Inc. (NYSE:CXO) Q2 2017 Earnings Conference Call August 3, 2017 9:00 AM ET Executives. The following is a transcript of a conference presentation that was given by Concho Resources Inc. on June 18, 2018. TENURE AT CURRENT POSITION. Escrow Agreement dated February 27, 2006, among Concho Resources Inc., Timothy A. Leach, Steven L. Beal, David W. Copeland, Curt F. Kamradt and E. Joseph Wright and the other signatories thereto 10 .11* Business Opportunities Agreement dated February 27, 2006, among Concho Resources Inc. and the other signatories thereto 10 With the Concho transaction, we've combined two industry-recognized safety leaders, which has aided our . Timothy A. Leach - Concho Resources, Inc. Yeah. Timothy A Leach "Tim". PREVIOUS POSITION. This website provides details about the acquisition. Concho CEO named 2018 Chief Roughneck. Concho. The company has operations in 15 countries and has production in the United States (49% of 2019 production), Norway (10% of 2019 production), Canada (5% of 2019 production), Australia (12% of 2019 production . Has 528,000 net acres in Delaware basin and 280,000 gross acres in the Midland Basin. The estimated Net Worth of Timothy A Leach is at least $93 Milion dollars as of 3 May 2019. ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. Of this total $1,100,000 was received as a salary, $1,096,524 was received as a bonus, $0 was received in stock options, $10,487,599 was awarded as stock and $274,328 came from other types of compensation. Jim Henry and Tim Leach complete a $600 million transaction, selling ~90% of Henry Petroleum to Concho Resources. 3 of 14 4 of 14 From left, Bill Kent, president of Kent Cos., Peggy Worthington, founding partner and business development manager at Bold Energy, and Tim Leach, president and CEO of Concho . However, even though the company delivered on its metrics, t's hard to argue with bleak commodity prices, CEO Tim Leach said. Mr. Leach owns over 54,545 units of Concho Resources Inc stock worth over $44,470,699 and over the last 14 years he sold CXO stock worth over $35,604,215. Top Permian Basin producer Concho . CURRENT POSITION. Timothy Leach-- Chairman and Chief Executive Officer Thank you. We expect the company to deliver differential performance on three . we intend to begin reducing our Cenovus ownership stake, using proceeds to purchase incremental ConocoPhillips stock. Information about the directors and executive officers of Concho, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Concho's proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 16, 2020, and Concho's Annual Report on Form 10-K for . Chairman and chief executive Tim Leach said Concho is on track to meet its target of doubling production in three years. Now let me turn it over to Tim. having big, blocky acreage positions with high ownership is very important to development . Ms. Schroer owns over 15,384 units of Concho Resources Inc stock worth over $1,009,190 and over the last 8 years she sold CXO stock worth over $446,740. The award was presented on November 13 by an officer of U. S. Steel, Senior Vice President Douglas . Tim Leach, Chairman, Chief Executive Officer and President, commented, "First quarter was an outstanding start to the year in which we anticipate strong growth within cash flow. Concho has come a long way since its founding in 2004. Concho had sold for as much as $93 a share in January before the COVID-19 pandemic cut oil demand and prices. Mr. Leach is Director & Executive Vice President-Lower 48 at ConocoPhillips and Chief Executive Officer for COG Operating LLC and Co-Chief Executive Officer & Director at RSP Permian LLC (both are subsidiaries of ConocoPhillips). Concho Resources Inc. (NYSE: CXO) ("Concho" or the "Company") today announced that Susan Helms has been appointed to the Company's Board of Directors. Tim Leach ConocoPhillips - Executive VP of Lower 48 & Director Bill Bullock ConocoPhillips . Concho Resources Inc. (NYSE: CXO) folded 12,400-net acres in Andrews and Martin counties, Texas, into its expansive Midland Basin position to end July in a deal that expands its long-lateral inventory. Mr. Leach owns over 54,545 units of Concho Resources Inc stock worth over $44,470,699 and over the last 14 years he sold CXO stock worth over $35,604,215. MANAGEMENT DISCUSSION So we are really focused on making sure we get the Concho assets integrated in. . Defendant Jack F. Harper ("Harper") was Concho's President at all relevant times and Chief Financial Officer ("CFO") until January 2019. There are 1 executives at Concho Resources Inc getting paid more, with Timothy Leach having the highest compensation of $12,958,500. Timothy Leach - Chairman & CEO. Ms. Helms was commissioned from the U.S. Air Force Academy in 1980 and served in the United States Air Force until her . The company was founded in 2004 and is based in Midland, Texas. Germany Switzerland Spain Poland Netherlands Greece France Ireland Italy Belgium Austria. Concho was eyeing Shell's Permian assets long before the acquisition, said former Concho President and CEO Tim Leach, now ConocoPhillips' executive vice president of the Lower 48, which . "What started with one employee two years ago is now a 550-employee leader in the proppant sector of the industry. The estimated Net Worth of Timothy A Leach is at least $93 millió dollars as of 3 May 2019. Timothy A. Leach is a businessperson who founded Concho Resources, Inc. and who has been at the head of 7 different companies. Timothy Leach lives in Midland, TX; previous city include Lincoln AR. Concho Resources announced Tuesday . Numerous individuals already under sealed federal indictments on drug charges were arrested earlier today during a roundup conducted by Special Agents of the Federal Bureau of Investigation and Drug Enforcement Administration, along with the assistance of Jefferson Parish and St. Tammany Parish Sheriff's Offices, and the Covington, New Orleans and Gretna Police Departments, announced U. Megan Hays - Vice President-Investor Relations. with Concho is an affirmation of our mutual commitment to this framework for value creation. The estimated Net Worth of Timothy A Leach is at least $93 Million dollars as of 3 May 2019. Once again, this is a -- as I said, is the most exciting time for Concho, as we're able to execute and deliver on all this work we . and positions the company for an inflection in free cash flow and momentum heading into 2020," said Chairman and CEO Tim Leach. Jack Harper .