Concho Resources Inc. (NYSE: CXO) mourns the death of board member Ray Poage, the Permian Basin oil and gas producer said Feb. 4.

Poage joined the Concho board of directors in 2007 and most recently served as a member of the nominating and governance committee. He also served as chair of the audit committee from 2007 until 2018.

Tim Leach, chairman and CEO of Concho, said in a statement:
“Ray was a friend and a colleague, and we are deeply saddened by his passing. He was kind and generous with his support, and we will be continually grateful for Ray’s dedication, guidance and leadership as a member of the community and the Concho board of directors. Our thoughts and prayers are with his family.”

Poage’s career in public accounting spanned more than four decades. Most recently, he served as partner of Pedersen Jones Hughston Poage & Graham, a certified public accounting and advisory firm. From 1980 until his retirement from KPMG in 2002, Poage was a partner at KPMG. During his tenure there, Poage provided accounting services, primarily in the area of taxation, to private and publicly held companies engaged in the oil and natural gas industry.

Based in Midland, Texas, Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on acquiring, exploring, developing and producing oil and natural gas resources. Last year, the company extended its position with the all-stock acquisition of RSP Permian for roughly $9.5 billion, including RSP's net debt.

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