Contango Oil & Gas Co.

About

Contango is an independent oil and natural gas company whose underlying business has been to maximize production and cash flow from its offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Wyoming and New Mexico, and to use that cash flow to explore, develop, exploit, increase production from and acquire crude oil and natural gas properties across the United States. Contango has added to its corporate strategy the implementation of a consolidation strategy to pursue the acquisition of PDP-heavy opportunities that it believes will be available in the near future at attractive valuations from stressed or distressed situations.

Contango is an operating subsidiary of Crescent Energy.  Crescent Energy is a diversified, well‐capitalized U.S. independent energy company with a portfolio of assets in key proven basins across the Lower 48 states.

Editor's note: Updated Dec. 23, 2021.

Headquarters Address

111 E 5th St, Suite 300
Fort Worth, TX 76102
United States

Main Phone Number

New Financings

Report Date Type Amount (MM) Description
2021-05-04 Contango Oil & Gas Co. Debt $250.00

Announced amendment and expansion of its senior credit facility led by JPMorgan Chase Bank under which…

Report Date Type Amount (MM) Description
2018-11-15 Contango Oil & Gas Co. Equity

Contango Oil & Gas Co. announced the launch of an underwritten public offering of its common…

Report Date Type Amount (MM) Description
2011-04-12 Contango Oil & Gas Co. - 2011-04-12 Equity $20.00

Committed to invest up to $20 million during the next two years in Alta Energy Partners, a joint venture…

Report Date Type Amount (MM) Description
2010-07-21 Contango Oil & Gas Co. - 2010-07-21 Buyback $76.00

Has purchased 1.7 million shares at an average US$44.71 each.

Report Date Type Amount (MM) Description
2009-04-14 Contango Oil & Gas Co. - 2009-04-14 Buyback $10.60

Bought back 300,500 shares at approximately US$35.24 each.

Activity Highlights

IHS Markit reported that Contango Operators has permitted an Iron Flea exploratory test on Grand Isle Block 45 in the Gulf of Mexico. The #1 OCS G36755 is scheduled to be drilled from a site in the northwestern portion of the offshore Louisiana…

IHS Markit reported that a horizontal Wolfcamp well was completed in West Texas' Hoefs T-K Field by Contango Resources in Pecos County (RRC Dist. 8), Texas. The #1H State Spearhead 1114 was tested flowing 1,187 bbl of 40.2-degree-gravity…

A horizontal Wolfcamp well was completed by Contango Oil & Gas Co. in the Pecos County (RRC Dist. 8), Texas, portion of the Delaware Basin. The #1H River Rattler 8-9 initially flowed 1.416 Mboe/d (74% oil) following a 50-stage fracture…

Two horizontal Wolfcamp wells were completed in the Delaware Basin by Houston-based Contango Oil & Gas Co. The wells were drilled in Section 29, Block 49 T9S, T&P Survey, A-984 in Pecos County (RRC Dist. 8), Texas. The #1H…

Contango Oil & Gas Co., based in Houston, has completed a horizontal Wolfcamp well in its Delaware Basin program in West Texas’ Pecos County (RRC Dist. 8). IHS Markit reported that #2H Gunner 2223 was drilled to 20,430 ft, including a 10,…

News

Today’s featured Forty Under 40 honoree is Wilkie Colyer Jr., CEO of Contango Oil & Gas Co., which recently completed a merger…

Headquartered in Houston, the combined company will become KKR’s primary platform for pursuing upstream oil and natural gas…

Contango Oil & Gas’ acquisition of the ConocoPhillips Wind River Basin position, previously announced in early July, comprises of…

The acquisition follows Contango Oil & Gas’ merger agreement with Independence Energy LLC, built and managed by KKR’s Energy Real…

The combined company, which will be headquartered in Houston, will become KKR’s primary platform for pursuing upstream oil and natural…

Transactions

Report Date Amount (MM) Description
2021-12-07 $5,500.00

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Report Date Amount (MM) Description
2021-12-07 $5,500.00

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Report Date Amount (MM) Description
2021-12-07 $5,500.00

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger

Report Date Amount (MM) Description
2021-08-31 $67.00

Contango Oil & Gas to Acquire ConocoPhillips Wyoming Assets

Contango Oil & Gas to Acquire ConocoPhillips Wyoming Assets

Report Date Amount (MM) Description
2021-01-21

Contango Oil & Gas to Acquire Mid-Con Energy Partners in All-stock Merger

Contango Oil & Gas to Acquire Mid-Con Energy Partners in All-stock Merger