Deals - Acquisition, Mergers, Divestitures
Contango Finalizes Acquisition of Mid-Con Energy Partners
Email
Print 
Bookmark
Contango Oil & Gas Co. announced the successful completion of its acquisition of Mid-Con Energy Partners.
In accordance with the terms of the merger agreement, Mid-Con unitholders will receive 1.75 shares of Contango common stock for each unit of Mid-Con common units owned.
The deal is valued at $154.8 million.
Wilkie S. Colyer, Jr., Contango's Chief Executive Officer, commented, "After many months of significant effort from both companies, this merger further highlights Contango's ability to execute on its strategy to acquire producing properties and implement cost-cutting efforts that maximize shareholder returns. As a result of the merger, our largest shareholder and Chairman, John C. Goff, has increased his ownership to just under 25% of the combined business. The Board and management team remain committed to growing shareholder value as we look for new opportunities in the current dislocated market environment. We welcome Mid-Con's investors, employees, and other stakeholders to the Contango platform."
Mid-Con's Assets
Related Categories :
Deals - Deal Close
More Deals - Deal Close News
-
Northern Oil Wraps Up Deal for Reliance's Marcellus Assets
-
ARC Resources, 7Gen Seal $8.1B Merger Deal
-
Bonanza Creek Refreshes 2021 Guidance Post-HighPoint Deal
-
Crescent Point Finalizes $900MM Deal for Shell's Duvernay Assets
-
Cenovus Wraps Up $23.6B Acquisition of Husky Energy
Mid-Continent News >>>
-
Continental's Q1 Output Hit by Adverse Weather, Down 6.0 MBOE/d; Debt Update
-
PHX Minerals Reports Change to Credit Line -
-
Enerplus Ups 2021 Capex, Production Outlook After Striking Bakken Deal
-
EIA Reports Crude Inventory Draw of 3.5 Million Barrels -
-
Bonanza Creek Refreshes 2021 Guidance Post-HighPoint Deal -
