Contango Oil & Gas Co. recently promoted Farley Dakan to the position of president of the company. Wilkie Colyer, previously Contango’s president and CEO, will remain the company’s chief exec.
Dakan had joined Contango in October 2019 as senior vice president of corporate development following Contango’s acquisition of Will Energy Corp., an E&P company he had founded with assets across Western Oklahoma, the Texas Panhandle and North Louisiana. Initially, he was responsible for the integration of Contango’s recent acquisitions, as well as the identification, evaluation, financing and integration of future acquisitions as part of the company’s consolidation strategy.
In a statement on July 6 commenting on Dakan’s promotion, Colyer said: “Farley’s promotion is less a change in scope and more to better reflect his role and level of responsibility at the company, but it will not change our focus on making acquisitions in this target rich environment.”
“This continues to be a company with insiders as the largest shareholders, and we know of no better way to align interests with that of outside shareholders than that,” he added in his statement.
Additionally, Contango added Chad Roller and Chad McLawhorn, both formerly with Mid-Con Energy Partners LP, to its executive team.
The company appointed Roller, most recently president and COO of Mid-Con Energy Partners, to serve as senior vice president and COO of Contango. Meanwhile, McLawhorn will serve as senior vice president, general counsel and corporate secretary of the company, a role he had held at Mid-Con Energy Partners from March 2016 to June 2020.
In his statement, Colyer said Roller and McLawhorn will be “vital in managing not just the Midcon assets under our management services agreement but the rest of the Contango portfolio as well.”
“I have known and worked closely with Chad Roller and Chad McLawhorn for several years and know they will be able to drive incremental value for Contango shareholders,” he continued.
Prior to Mid-Con Energy Partners, Roller had held multiple roles at Royal Dutch Shell Plc including adviser to the chief petroleum engineer, business planner, deepwater exploration support and petroleum engineer. McLawhorn also previously held a series of positions of increasing responsibility at privately held Samson Resources Corp.
Contango Oil & Gas is a Houston-based independent with offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Louisiana and Wyoming. Late last year, the company added to its acreage position in Oklahoma through multiple acquisitions. The transactions also included assets in the Texas Panhandle and North Louisiana.
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