Lance also welcomed Tim Leach to the ConocoPhillips’ board of directors and executive leadership team. A free inside look at company reviews and salaries posted anonymously by employees. In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. Mr. Leach CXO stock SEC Form 4 insiders trading. Concho’s Tim Leach has served notice to the rest of us in Midland. As Chairman and Chief Executive Officer at CONCHO RESOURCES INC, Timothy A. Leach made $12,958,451 in total compensation. Previously, Tim served as the Chairman of the Board and Chief Executive Officer of Concho Oil & Gas Corp. from its formation in 2001 until its sale in 2004. 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. Tim Leach has been Chairman and Chief Executive Officer since Concho was formed in 2004 and also served as President until 2017. In 2004, the company was founded as Concho Equity Holdings Corporation by a group of businessmen headed Timothy A. Leach. Upon closing of the transaction, Leach, previously Concho’s chairman and CEO, agreed to join ConocoPhillips as executive vice president of the company’s Lower 48 operations. Leach describes Concho as a pure-play operator, committed to the Permian Basin, where technological advancement continues to unlock opportunities for new production. 3 Concho reviews. Also in 2004, the company acquired properties from Lowe Management for $117 million. This website provides details about our acquisition of Concho Resources, a transaction that represents a bold step toward a new era of energy leadership through the combination of two best-in-class companies. Timothy Leach Overview Timothy Leach has been associated with twenty-three companies, according to public records. 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). Timothy has made over 18 trades of the Concho Resources Inc stock since 2007, according to the Form 4 filled with the SEC. Sixteen of the companies are still active while the remaining seven are now listed as inactive. Timothy Leach, Chairman & CEO, Director at Concho Resources (CXO), has a 66.7% success rate when buying and selling stocks. Most recently he sold 54,545 units of CXO stock worth $5,963,950 on 3 May 2019.. Tim Leach. Biography. Timothy A. Leach is a businessperson who founded Concho Resources, Inc. and who has been at the helm of 7 different companies. 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