Concho Resources executive commits half million to Texas A&M Engineering

Photo of Tim and Amy LeachA $500,000 gift to Texas A&M University from Amy B. and Timothy A. Leach of Midland, Texas, will provide a lasting impact on engineering education across the state and nation.

The couple’s contribution through the Texas A&M Foundation endows the Tim and Amy Leach Professorship in Engineering and the Tim and Amy Leach Scholarship in Petroleum Engineering with support for the university’s Engineers for Tomorrow program.

“As a recipient of an Aggie engineering degree and highly engaged former student, Tim Leach understands the importance of and opportunities afforded by a quality education,” said Dr. G. Kemble Bennett, vice chancellor and dean of Texas A&M Engineering. “Tim and Amy have been generous supporters of our college and the university, and this gift will ensure a continuum of excellence for the next generation of both faculty and students.”

The professorship will support the teaching, research, service and professional development activities of an outstanding faculty member in the Dwight Look College of Engineering at Texas A&M. Endowed faculty positions allow the university to recruit and retain scholars of the highest caliber, who in turn attract students destined to be tomorrow’s leaders, Bennett said.

The Leach scholarship will provide financial assistance for high-achieving students in the Von Gonten Scholars Program, named for the late W.D. “Doug” Von Gonten, an influential department head whose years of service resulted in the unprecedented growth of petroleum engineering at Texas A&M. The department has long been recognized as the global leader in producing graduates who perform at the top of the industry.

The couple’s support for the Engineers of Tomorrow program will help the university recruit stellar high school graduates from across Texas with competitive four-year freshman scholarships. Previous gifts from the Leaches have provided funding for the Petroleum Engineering Department Award for Excellence in Teaching, Texas A&M Foundation, The 12th Man Foundation and Association of Former Students.

“I had a lot of help and encouragement going through the program at A&M, and Amy and I feel it’s very important to give back to one of the most important institutions contributing to the development of young men and women in our state,” said Tim Leach, chairman, CEO and president of Midland-based Concho Resources Inc.

A native of Houston, Leach joined the Midland National Bank as a bank engineer after his 1982 graduation from Texas A&M with a bachelor’s degree in petroleum engineering. He was senior vice president and manager of energy lending for First City Bank of Midland before moving to Parker & Parsley Petroleum Co. in 1989. Leach was executive vice president at Parker & Parsley at the time of its merger with Mesa Inc. in April 1997, resulting in the creation of Pioneer Natural Resources.

Leach was a founder of Concho in 1997, serving as chairman and CEO. He led Concho Resources through its evolution into a public company in 2007. Since that time, the company has been one of the fastest-growing oil and gas producers in the United States.

He has served on the Texas A&M Engineering Advisory Council since 2004 and has been recognized as an Outstanding Alumnus of the Dwight Look College of Engineering, an honor accorded to fewer than one percent of all Texas A&M engineering graduates.

The Texas A&M Foundation is a nonprofit organization that raises major gifts and manages endowments for the sole benefit of Texas A&M University.