Wilkie Colyer Jr., CEO of Contango Oil & Gas Co., is today’s featured Forty Under 40 honoree.
At the helm of Contango, Colyer has helped implement the company’s consolidation strategy to pursue the acquisition of PDP-heavy opportunities across the U.S., which eventually led the company to its multibillion-dollar merger with a KKR-backed firm in June.
“When I joined Contango, the company was struggling from a non-competitive cost structure and lack of strategic direction,” he said. “Since then, we’ve been able to right size the organization, procure a new bank facility, complete four significant acquisitions, sign a $5.5 billion merger and a smaller acquisition, which will both close later this year, and increased production by over five times.”
The merger transaction was announced closed on Dec. 7, forming Crescent Energy with Contango remaining as an operating subsidiary.
Prior to Contango, Colyer managed a portfolio of energy investments for a single family office. He currently serves on the board of directors of Mid-Con Energy Partners LP and formerly served on the board of Resolute Energy Corp.
Click here for Wilkie Colyer’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
How Schlumberger is Helping E&Ps Reduce their Carbon Footprint
2022-06-30 - Schlumberger recently gave Hart Energy an inside look at the company’s creative solutions and technologies that help oil and gas producers reduce carbon and methane emissions.
Enhanced Subsea Gas Tieback Project Targets Cutting Costs, Emissions
2022-06-14 - Advanced simulations indicate separating the production stream with a pseudo dry gas system could enable longer gas tiebacks. Here’s more about the project being led by Intecsea, Worley’s specialist subsea business.
Making Technological Strides in the Permian Basin
2022-04-19 - Executives from Halliburton and Schlumberger weigh in on what trends in technology are emerging in the Permian Basin.
Clever Robots for Greener Subsea Inspection Operations
2022-04-19 - Groundbreaking autonomous and remote robotic technologies from Kongsberg Maritime are helping one subsea company’s energy transition journey in its oil and gas pipeline and site inspection offerings.
Ending Routine Flaring with Digital Flare Mitigation
2022-04-19 - Crusoe Energy Systems has pioneered a unique solution that provides shale oil and gas companies with an effective, reliable, and cost-free alternative to routine flaring by leveraging a technology that harnesses stranded methane to enable energy-intensive computation.